Jolley Asset Management buys $3,183,218 stake in Mosaic Co (MOS)

Mosaic Co (MOS) : Jolley Asset Management scooped up 17,538 additional shares in Mosaic Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 137,504 shares of Mosaic Co which is valued at $3,183,218.Mosaic Co makes up approximately 2.62% of Jolley Asset Management’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in MOS by selling 24 shares or 42.11% in the most recent quarter. The Hedge Fund company now holds 33 shares of MOS which is valued at $764.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.British Columbia Investment Management Corp reduced its stake in MOS by selling 14,135 shares or 10.74% in the most recent quarter. The Hedge Fund company now holds 117,431 shares of MOS which is valued at $2,919,335. Mosaic Co makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in MOS by selling 1,133 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 89,417 shares of MOS which is valued at $2,197,870. Mosaic Co makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Indiana Trust Investment Management Co boosted its stake in MOS in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 17,319 shares of Mosaic Co which is valued at $434,187. Mosaic Co makes up approx 0.23% of Indiana Trust Investment Management Co’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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