Empowered Funds LLC Decreases Stock Holdings in The Mosaic Company (NYSE:MOS)

Empowered Funds LLC cut its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 34.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,191 shares of the basic materials company's stock after selling 25,059 shares during the period. Empowered Funds LLC's holdings in Mosaic were worth $1,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MOS. Highlander Capital Management LLC grew its stake in Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 670 shares during the period. Blue Trust Inc. boosted its stake in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Mosaic during the second quarter valued at $46,000. Kimelman & Baird LLC bought a new position in shares of Mosaic during the 2nd quarter worth $49,000. Finally, CVA Family Office LLC increased its stake in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after purchasing an additional 384 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $26.03 on Friday. 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 Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The company has a market cap of $8.27 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.77 and a beta of 1.35. The business's 50 day moving average price is $26.44 and its 200-day moving average price is $27.81.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the firm earned $0.68 earnings per share. The company's revenue for the quarter was down 20.8% on a year-over-year basis. Sell-side analysts predict that The Mosaic Company will post 2.11 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic's dividend payout ratio (DPR) is presently 74.34%.

Analyst Ratings Changes

MOS has been the topic of several recent analyst reports. Mizuho raised their price target on Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Wells Fargo & Company reduced 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. Barclays reduced their price target on Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Mosaic currently has an average rating of "Hold" and a consensus target price of $33.22.

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.