DoubleLine ETF Adviser LP Invests $901,000 in The Mosaic Company (NYSE:MOS)

DoubleLine ETF Adviser LP bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 36,648 shares of the basic materials company's stock, valued at approximately $901,000.

Several other institutional investors have also recently bought and sold shares of MOS. Mercer Global Advisors Inc. ADV raised its holdings in Mosaic by 17.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,205 shares of the basic materials company's stock valued at $398,000 after acquiring an additional 2,390 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mosaic by 27.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 423,363 shares of the basic materials company's stock valued at $10,406,000 after purchasing an additional 90,963 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Mosaic by 985.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 955,804 shares of the basic materials company's stock worth $23,494,000 after purchasing an additional 867,722 shares during the period. Northern Trust Corp boosted its stake in Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after buying an additional 287,493 shares in the last quarter. Finally, Criteria Caixa S.A.U. bought a new stake in Mosaic in the 4th quarter valued at $36,231,000. Institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MOS shares. The Goldman Sachs Group started coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target for the company. JPMorgan Chase & Co. raised Mosaic from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Barclays upgraded Mosaic from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Royal Bank of Canada boosted their target price on shares of Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. Finally, Piper Sandler reiterated a "neutral" rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Mosaic Trading Up 4.3 %

MOS stock traded up $1.31 during trading on Wednesday, hitting $31.76. The company had a trading volume of 6,333,424 shares, compared to its average volume of 4,609,843. The firm has a 50-day moving average price of $26.60 and a 200-day moving average price of $26.42. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.42 and a beta of 1.09. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $32.29. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $0.65 earnings per share. The company's revenue was down 2.2% on a year-over-year basis. As a group, analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.77%. Mosaic's dividend payout ratio is currently 160.00%.

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.