46,713 Shares in The Mosaic Company (NYSE:MOS) Bought by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in The Mosaic Company (NYSE:MOS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 46,713 shares of the basic materials company’s stock, valued at approximately $1,148,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,809 shares during the period. Kimelman & Baird LLC purchased a new stake in Mosaic in the 2nd quarter worth approximately $49,000. Blue Trust Inc. increased its stake in shares of Mosaic by 46.4% during the third 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 period. CVA Family Office LLC increased its stake in shares of Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after buying an additional 384 shares during the period. Finally, Huntington National Bank raised its holdings in shares of Mosaic by 85.2% during the third quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 1,007 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 0.6 %

NYSE MOS traded down $0.14 during mid-day trading on Tuesday, reaching $25.25. The stock had a trading volume of 4,964,878 shares, compared to its average volume of 5,371,299. The company has a fifty day moving average price of $25.92 and a 200 day moving average price of $26.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 1 year low of $23.56 and a 1 year high of $35.49. The stock has a market cap of $8.02 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. On average, research analysts expect that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.49%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is presently 77.88%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Barclays cut their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Oppenheimer assumed coverage on Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating for the company. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Mizuho raised their price objective on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $35.40.

Mosaic 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.