The Mosaic Company $MOS is Colrain Capital LLC’s 5th Largest Position

by · The Cerbat Gem

Colrain Capital LLC lifted its stake in The Mosaic Company (NYSE:MOS – Free Report) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 228,000 shares of the basic materials company’s stock after purchasing an additional 37,475 shares during the quarter. Mosaic comprises about 6.4% of Colrain Capital LLC’s portfolio, making the stock its 5th largest holding. Colrain Capital LLC’s holdings in Mosaic were worth $8,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOS. Bangor Savings Bank acquired a new position in Mosaic in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. increased its holdings in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the period. Allworth Financial LP increased its holdings in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after buying an additional 537 shares during the period. Reyes Financial Architecture Inc. acquired a new position in Mosaic in the 2nd quarter worth approximately $31,000. Finally, Grove Bank & Trust increased its holdings in Mosaic by 88.8% in the 2nd quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock worth $37,000 after buying an additional 474 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MOS. UBS Group cut their price target on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Mizuho set a $34.00 price target on shares of Mosaic in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. Oppenheimer set a $40.00 price objective on shares of Mosaic in a research note on Wednesday, October 22nd. Finally, Barclays dropped their price objective on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Moderate Buy” and an average price target of $35.23.

View Our Latest Research Report on MOS

Mosaic Price Performance

Shares of NYSE MOS opened at $27.45 on Friday. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.94 and a beta of 1.00. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The firm’s 50 day simple moving average is $32.45 and its 200-day simple moving average is $33.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

Mosaic (NYSE:MOS – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $0.54 EPS. Mosaic’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.2%. Mosaic’s dividend payout ratio (DPR) is currently 29.83%.

Mosaic Profile

(Free Report)

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.

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