Integrated Wealth Concepts LLC Has $204,000 Holdings in The Mosaic Company (NYSE:MOS)

Integrated Wealth Concepts LLC trimmed its stake in shares of The Mosaic Company (NYSE:MOS) by 6.9% during the third quarter, HoldingsChannel reports. The fund owned 7,608 shares of the basic materials company’s stock after selling 567 shares during the period. Integrated Wealth Concepts LLC’s holdings in Mosaic were worth $204,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Investment Management Corp of Ontario raised its stake in shares of Mosaic by 48.9% in the 3rd quarter. Investment Management Corp of Ontario now owns 10,662 shares of the basic materials company’s stock valued at $286,000 after purchasing an additional 3,500 shares during the period. Holocene Advisors LP raised its position in Mosaic by 25.8% in the 3rd quarter. Holocene Advisors LP now owns 176,444 shares of the basic materials company’s stock valued at $4,725,000 after buying an additional 36,154 shares during the last quarter. Centiva Capital LP acquired a new stake in Mosaic in the 3rd quarter valued at approximately $1,026,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Mosaic by 643.8% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,307 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 11,518 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Mosaic during the 3rd quarter worth approximately $257,000. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MOS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Barclays cut their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. CIBC initiated coverage on shares of Mosaic in a research note on Tuesday. They set a “neutral” rating and a $55.00 price objective for the company. Oppenheimer began coverage on Mosaic in a research report on Thursday. They issued a “market perform” rating on the stock. Finally, Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.40.

Mosaic Price Performance

NYSE:MOS opened at $26.80 on Friday. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.85 and a beta of 1.34. The stock’s 50 day moving average price is $26.45 and its two-hundred day moving average price is $27.36. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’s revenue was down 20.8% on a year-over-year basis. On average, analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio 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.