Davidson Investment Advisors Purchases 4,601 Shares of Mosaic Co (MOS)

Davidson Investment Advisors grew its position in shares of Mosaic Co (NYSE:MOS) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 282,204 shares of the basic materials company’s stock after purchasing an additional 4,601 shares during the quarter. Davidson Investment Advisors owned approximately 0.07% of Mosaic worth $9,166,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in shares of Mosaic during the second quarter worth about $115,000. Rehmann Capital Advisory Group raised its position in shares of Mosaic by 12,038.5% during the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 4,695 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Mosaic during the second quarter worth about $144,000. First Hawaiian Bank bought a new position in shares of Mosaic during the third quarter worth about $175,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of Mosaic during the third quarter worth about $201,000. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MOS stock opened at $35.00 on Monday. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.63 and a beta of 1.42. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. Mosaic Co has a fifty-two week low of $22.90 and a fifty-two week high of $37.37.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. On average, research analysts anticipate that Mosaic Co will post 1.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.29%. Mosaic’s payout ratio is currently 9.17%.

A number of equities analysts have recently issued reports on MOS shares. TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a research report on Monday, November 19th. Cowen raised their price objective on Mosaic from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 15th. BMO Capital Markets restated a “hold” rating and set a $30.00 price objective (up from $28.00) on shares of Mosaic in a research report on Tuesday, August 7th. Stephens set a $45.00 price objective on Mosaic and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, Royal Bank of Canada raised their price objective on Mosaic from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.79.

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Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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