Garner Asset Management Corp Sells 2,777 Shares of The Mosaic Company (NYSE:MOS)

Garner Asset Management Corp lessened its position in shares of The Mosaic Company (NYSE:MOS) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,441 shares of the basic materials company’s stock after selling 2,777 shares during the period. Garner Asset Management Corp’s holdings in Mosaic were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOS. Blue Trust Inc. increased 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 buying an additional 351 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after buying an additional 354 shares during the last quarter. Moors & Cabot Inc. increased 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 buying an additional 382 shares during the last quarter. CVA Family Office LLC increased 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 buying an additional 384 shares during the last quarter. Finally, CX Institutional increased 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 buying an additional 418 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MOS. Wells Fargo & Company decreased their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Mizuho increased their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays decreased their price target on shares of 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 reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.22.

Mosaic Price Performance

Shares of Mosaic stock opened at $26.03 on Friday. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. The company has a fifty day moving average of $26.44 and a 200-day moving average of $27.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

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

Mosaic Dividend Announcement

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

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.