Marble Harbor Investment Counsel LLC Cuts Stock Position in The Mosaic Company (NYSE:MOS)

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Marble Harbor Investment Counsel LLC decreased its holdings in The Mosaic Company (NYSE:MOS) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,850 shares of the basic materials company’s stock after selling 2,000 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in The Mosaic were worth $216,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MOS. Freestone Capital Holdings LLC acquired a new stake in The Mosaic in the third quarter valued at $27,000. Glenmede Trust Co. NA raised its holdings in The Mosaic by 32.9% in the 2nd quarter. Glenmede Trust Co. NA now owns 2,724 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 675 shares in the last quarter. Private Capital Group LLC raised its holdings in The Mosaic by 69.4% in the 2nd quarter. Private Capital Group LLC now owns 2,803 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,148 shares in the last quarter. Federated Hermes Inc. raised its holdings in The Mosaic by 1,989.6% in the 2nd quarter. Federated Hermes Inc. now owns 3,218 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,064 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in The Mosaic by 170.2% in the 2nd quarter. Parallel Advisors LLC now owns 3,688 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 2,323 shares in the last quarter. 71.57% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut The Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $20.50 in a report on Wednesday, October 21st. Morgan Stanley lifted their target price on The Mosaic from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 24th. TheStreet upgraded The Mosaic from a “d+” rating to a “c-” rating in a report on Tuesday, August 18th. Smith Barney Citigroup lowered The Mosaic from a “buy” rating to a “neutral” rating in a report on Wednesday, October 21st. Finally, VTB Capital downgraded The Mosaic from a “buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.92.

MOS traded down $0.27 during trading on Tuesday, reaching $18.51. 41,587 shares of the stock traded hands, compared to its average volume of 5,174,593. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of -6.54, a price-to-earnings-growth ratio of 6.38 and a beta of 1.83. The Mosaic Company has a fifty-two week low of $6.50 and a fifty-two week high of $22.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 0.68. The stock’s 50-day simple moving average is $18.45 and its two-hundred day simple moving average is $15.53.

The Mosaic (NYSE:MOS) last announced its quarterly earnings results on Saturday, November 7th. The basic materials company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the firm earned $0.08 EPS. The Mosaic’s quarterly revenue was down 13.5% on a year-over-year basis. Research analysts anticipate that The Mosaic Company will post 0.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a $0.05 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.08%. The Mosaic’s dividend payout ratio is currently 105.26%.

About The 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.

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Institutional Ownership by Quarter for The Mosaic (NYSE:MOS)

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