The Mosaic Company (NYSE:MOS) is Gate City Capital Management LLC's 5th Largest Position

Gate City Capital Management LLC boosted its position in The Mosaic Company (NYSE:MOS - Free Report) by 38.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 692,141 shares of the basic materials company's stock after purchasing an additional 192,141 shares during the quarter. Mosaic comprises about 10.3% of Gate City Capital Management LLC's portfolio, making the stock its 5th biggest holding. Gate City Capital Management LLC owned approximately 0.22% of Mosaic worth $17,013,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in Mosaic by 33.5% during the fourth quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock worth $90,265,000 after purchasing an additional 921,924 shares during the period. Concentric Capital Strategies LP bought a new position in Mosaic in the fourth quarter valued at $1,573,000. Blue Capital Inc. purchased a new position in shares of Mosaic in the fourth quarter worth $393,000. Brevan Howard Capital Management LP purchased a new position in Mosaic during the 4th quarter valued at $1,347,000. Finally, Captrust Financial Advisors boosted its stake in Mosaic by 27.5% in the 4th quarter. Captrust Financial Advisors now owns 9,668 shares of the basic materials company's stock worth $238,000 after purchasing an additional 2,087 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a report on Thursday, March 20th. Piper Sandler restated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. Scotiabank increased their price target on shares of Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 19th. CIBC raised their target price on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mosaic presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.75.

Mosaic Stock Up 0.8%

MOS stock traded up $0.26 during trading on Monday, reaching $32.93. 6,072,492 shares of the stock were exchanged, compared to its average volume of 4,660,284. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $33.66. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm's 50 day moving average is $27.13 and its 200 day moving average is $26.54. The firm has a market cap of $10.44 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, research analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.67%. Mosaic's payout ratio is 75.86%.

Mosaic Company Profile

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.