Massmutual Trust Co. FSB ADV Raises Stock Position in The Mosaic Company (NYSE:MOS)

Massmutual Trust Co. FSB ADV lifted its stake in shares of The Mosaic Company (NYSE:MOS) by 473.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,002 shares of the basic materials company’s stock after acquiring an additional 1,653 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Mosaic were worth $71,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Clear Street Markets LLC increased its position in shares of Mosaic by 93.9% during the first quarter. Clear Street Markets LLC now owns 669 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 324 shares during the period. High Net Worth Advisory Group LLC purchased a new position in Mosaic during the first quarter valued at approximately $33,000. Janiczek Wealth Management LLC increased its holdings in Mosaic by 97.2% during the second quarter. Janiczek Wealth Management LLC now owns 1,120 shares of the basic materials company’s stock valued at $39,000 after buying an additional 552 shares during the period. First Command Bank increased its holdings in Mosaic by 60.1% during the second quarter. First Command Bank now owns 866 shares of the basic materials company’s stock valued at $41,000 after buying an additional 325 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Mosaic during the first quarter valued at approximately $44,000. 84.05% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Shares of Mosaic stock traded down $0.63 during trading on Friday, hitting $36.15. 3,667,881 shares of the company’s stock were exchanged, compared to its average volume of 3,851,680. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 1.10. The business has a 50-day simple moving average of $35.33 and a 200-day simple moving average of $36.55. The Mosaic Company has a 52-week low of $31.44 and a 52-week high of $57.46. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.39 and a beta of 1.56.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.12). Mosaic had a return on equity of 12.71% and a net margin of 8.80%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the business earned $3.22 EPS. The company’s revenue for the quarter was down 33.7% on a year-over-year basis. On average, research analysts forecast that The Mosaic Company will post 3.78 EPS for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. Mosaic’s payout ratio is 20.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MOS. Morgan Stanley reissued an “equal weight” rating and set a $40.00 price objective on shares of Mosaic in a report on Thursday, September 21st. Royal Bank of Canada lowered their target price on shares of Mosaic from $40.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, November 9th. Wells Fargo & Company lowered their target price on shares of Mosaic from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Barclays upgraded shares of Mosaic from an “underweight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a research note on Tuesday, November 14th. Finally, HSBC upgraded shares of Mosaic from a “reduce” rating to a “hold” rating and set a $40.00 target price for the company in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.35.

About Mosaic

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.