Inspire Trust Co. N.A. Raises Stock Position in The Mosaic Company (NYSE:MOS)

Inspire Trust Co. N.A. grew its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 139,380 shares of the basic materials company's stock after buying an additional 20,000 shares during the quarter. Mosaic makes up about 1.0% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 27th largest holding. Inspire Trust Co. N.A.'s holdings in Mosaic were worth $3,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Mosaic by 40.0% during 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 in the last quarter. Crossmark Global Holdings Inc. increased its position in Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock valued at $625,000 after purchasing an additional 354 shares during the period. Moors & Cabot Inc. raised its holdings in Mosaic by 5.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company's stock worth $230,000 after purchasing an additional 382 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Mosaic by 23.2% in the 3rd 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 during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company's stock valued at $235,000 after purchasing an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 0.5 %

Mosaic stock traded up $0.14 during trading hours on Friday, hitting $26.80. The stock had a trading volume of 3,140,817 shares, compared to its average volume of 4,361,818. The stock's 50-day moving average price is $26.46 and its 200-day moving average price is $27.39. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.51 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business had revenue of $2.81 billion during 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 business's revenue was down 20.8% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. Equities research analysts anticipate that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.13%. Mosaic's payout ratio is 74.34%.

Analysts Set New Price Targets

MOS has been the subject of a number of research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. CIBC started coverage on Mosaic in a research report on Tuesday. They issued a "neutral" rating and a $55.00 target price for the company. Oppenheimer began coverage on Mosaic in a research report on Thursday. They set a "market perform" rating on the stock. Mizuho increased their price objective on Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, Barclays lowered their price objective on Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Mosaic has an average rating of "Hold" and an average target price of $35.40.

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.