12,876 Shares in The Mosaic Company (NYSE:MOS) Bought by West Michigan Advisors LLC

West Michigan Advisors LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 12,876 shares of the basic materials company’s stock, valued at approximately $345,000.

A number of other hedge funds have also added to or reduced their stakes in MOS. Wellington Management Group LLP increased its position in Mosaic by 1,007.5% during the 4th quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after purchasing an additional 219,463 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Mosaic during the 1st quarter valued at $211,000. 180 Wealth Advisors LLC increased its position in Mosaic by 17.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,424 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 1,433 shares during the period. Harbour Capital Advisors LLC purchased a new position in Mosaic during the 1st quarter valued at $327,000. Finally, Guidance Capital Inc. increased its position in Mosaic by 15.5% during the 1st quarter. Guidance Capital Inc. now owns 12,235 shares of the basic materials company’s stock valued at $379,000 after purchasing an additional 1,638 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Shares of MOS opened at $26.71 on Friday. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 36.09, a P/E/G ratio of 1.66 and a beta of 1.35. The business’s fifty day simple moving average is $26.62 and its two-hundred day simple moving average is $28.36. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $1.04 earnings per share. The company’s quarterly revenue was down 17.0% on a year-over-year basis. Research analysts anticipate that The Mosaic Company will post 2.27 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.21 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.14%. Mosaic’s dividend payout ratio is presently 113.51%.

Analyst Ratings Changes

MOS has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. Mizuho dropped their price objective on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Barclays decreased their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company dropped their price target on 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, UBS Group reduced their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.11.

Insider Activity

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.