Sonora Investment Management Lowers stake in Mosaic Co (MOS)

Mosaic Co (MOS) : Sonora Investment Management reduced its stake in Mosaic Co by 1.8% during the most recent quarter end. The investment management company now holds a total of 103,193 shares of Mosaic Co which is valued at $2,388,918 after selling 1,890 shares in Mosaic Co , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Mosaic Co makes up approximately 1.24% of Sonora Investment Management’s portfolio.

Other Hedge Funds, Including , Jolley Asset Management boosted its stake in MOS in the latest quarter, The investment management firm added 17,538 additional shares and now holds a total of 137,504 shares of Mosaic Co which is valued at $3,183,218. Mosaic Co makes up approx 2.62% of Jolley Asset Management’s portfolio.Investment Management Of Virginia boosted its stake in MOS in the latest quarter, The investment management firm added 28,289 additional shares and now holds a total of 164,748 shares of Mosaic Co which is valued at $3,828,744. Mosaic Co makes up approx 0.97% of Investment Management Of Virginia’s portfolio.Chevy Chase Trust Holdings reduced its stake in MOS by selling 6,079 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 440,160 shares of MOS which is valued at $11,034,811. Mosaic Co makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.First American Trust Fsb boosted its stake in MOS in the latest quarter, The investment management firm added 1,723 additional shares and now holds a total of 128,652 shares of Mosaic Co which is valued at $3,225,306. Mosaic Co makes up approx 1.01% of First American Trust Fsb’s portfolio.

Mosaic Co closed down -0.09 points or -0.39% at $23.15 with 41,46,757 shares getting traded on Friday. Post opening the session at $23.4, the shares hit an intraday low of $23.14 and an intraday high of $23.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Mosaic Co reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $1674.60 million for the quarter, compared to analysts expectations of $1745.86 million. The company’s revenue was down -32.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Investors should note that on Oct 13, 2016, Mosaic Co announced a cash dividend of $0.2750. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Mosaic Co. Mosaic Co was Downgraded by Susquehanna to ” Neutral” on Aug 17, 2016. Mosaic Co was Downgraded by Credit Suisse to ” Underperform” on Aug 2, 2016.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments. The Phosphates segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients and processing plants in Louisiana which produce concentrated phosphate crop nutrients. The Potash segment owns and operates potash mines and production facilities in Canada and the United States which produce potash-based crop nutrients animal feed ingredients and industrial products. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production blending or distribution operations in Brazil China India and Paraguay.

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