Bleakley Financial Group LLC Has $2.41 Million Stake in The Mosaic Company (NYSE:MOS)

Bleakley Financial Group LLC reduced its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 49.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,853 shares of the basic materials company's stock after selling 88,237 shares during the quarter. Bleakley Financial Group LLC's holdings in Mosaic were worth $2,406,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock worth $36,000 after purchasing an additional 351 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of 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 during the last quarter. CVA Family Office LLC grew its holdings 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 last quarter. Uncommon Cents Investing LLC grew its holdings in shares of Mosaic by 3.2% in the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company's stock worth $438,000 after purchasing an additional 415 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Mosaic by 1.5% in the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company's stock worth $823,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Up 1.1 %

Shares of NYSE MOS traded up $0.29 during midday trading on Friday, reaching $26.26. The company's stock had a trading volume of 3,322,861 shares, compared to its average volume of 4,392,914. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.54 and a beta of 1.35. The stock has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $28.53.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $1.04 earnings per share. Mosaic's revenue for the quarter was down 17.0% on a year-over-year basis. Equities research analysts predict that The Mosaic Company will post 2.34 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. Mosaic's dividend payout ratio (DPR) is 35.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Mizuho decreased their price objective on shares of Mosaic from $31.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. UBS Group decreased their price objective on shares of Mosaic from $33.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Wells Fargo & Company reduced their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 24th. Finally, Barclays reduced their target price on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Mosaic presently has an average rating of "Hold" and a consensus price target of $33.11.

Insiders Place Their Bets

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

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.