Assenagon Asset Management S.A. Sells 479,458 Shares of The Mosaic Company (NYSE:MOS)

Assenagon Asset Management S.A. reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 76.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,196 shares of the basic materials company's stock after selling 479,458 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Mosaic were worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its position in shares of Mosaic by 93.9% during the 1st quarter. Clear Street Markets LLC now owns 669 shares of the basic materials company's stock worth $31,000 after buying an additional 324 shares during the period. High Net Worth Advisory Group LLC acquired a new position in shares of Mosaic during the 1st quarter worth about $33,000. First Command Bank grew its position in shares of Mosaic by 60.1% during the 2nd quarter. First Command Bank now owns 866 shares of the basic materials company's stock worth $41,000 after buying an additional 325 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Mosaic during the 1st quarter worth about $44,000. Finally, Carolinas Wealth Consulting LLC grew its position in shares of Mosaic by 3,186.4% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 701 shares during the period. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MOS. Wells Fargo & Company boosted their price objective on Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Mizuho lowered Mosaic from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $42.00 to $34.00 in a research report on Wednesday, January 24th. The Goldman Sachs Group decreased their price objective on Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Piper Sandler cut Mosaic from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, February 29th. Finally, Scotiabank upgraded Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.63.

Mosaic Stock Performance

MOS stock traded down $0.03 during trading hours on Monday, hitting $32.43. 4,934,365 shares of the stock were exchanged, compared to its average volume of 5,179,409. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.43 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.64 and a beta of 1.50. The company has a 50-day simple moving average of $31.29 and a two-hundred day simple moving average of $33.86. The Mosaic Company has a 12 month low of $29.25 and a 12 month high of $48.92.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The business's revenue for the quarter was down 29.7% compared to the same quarter last year. During the same period last year, the company posted $1.74 earnings per share. On average, analysts forecast that The Mosaic Company will post 2.83 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, June 6th. Mosaic's dividend payout ratio (DPR) is presently 24.07%.

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.