Sicart Associates LLC Lowers Position in The Mosaic Company (NYSE:MOS)

Sicart Associates LLC decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 7.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,137 shares of the basic materials company’s stock after selling 8,990 shares during the period. Sicart Associates LLC’s holdings in Mosaic were worth $2,707,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kimelman & Baird LLC acquired a new stake in Mosaic in the second quarter valued at approximately $49,000. Blue Trust Inc. raised its stake in shares of Mosaic by 46.4% during the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after buying an additional 570 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the period. CVA Family Office LLC grew its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the period. Finally, Huntington National Bank increased its holdings in Mosaic by 85.2% in the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 1,007 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Morgan Stanley lowered their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Wells Fargo & Company lowered their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Finally, CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.09.

Mosaic Stock Performance

Shares of MOS opened at $26.73 on Friday. The Mosaic Company has a 1 year low of $23.56 and a 1 year high of $33.44. The company’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.36 and a beta of 1.34.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, sell-side analysts predict that The Mosaic Company will post 2.06 EPS for the current year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.29%. Mosaic’s dividend payout ratio (DPR) is currently 74.34%.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.