GAM Holding AG increased its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,855 shares of the basic materials company's stock after purchasing an additional 32,982 shares during the period. GAM Holding AG owned 0.07% of Mosaic worth $8,106,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. High Net Worth Advisory Group LLC acquired a new position in shares of Mosaic during the 1st quarter worth approximately $33,000. Clear Street Markets LLC grew its stake in Mosaic by 93.9% in the 1st quarter. Clear Street Markets LLC now owns 669 shares of the basic materials company's stock worth $31,000 after acquiring an additional 324 shares during the period. Penserra Capital Management LLC purchased a new stake in Mosaic in the 1st quarter worth approximately $44,000. Carolinas Wealth Consulting LLC grew its stake in Mosaic by 3,186.4% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company's stock worth $48,000 after acquiring an additional 701 shares during the period. Finally, Denali Advisors LLC grew its stake in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock worth $30,000 after acquiring an additional 414 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on MOS. Piper Sandler cut shares of Mosaic from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $42.00 to $32.00 in a research note on Thursday, February 29th. Scotiabank raised shares of Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 target price for the company in a research note on Thursday, February 22nd. TheStreet cut shares of Mosaic from a "b-" rating to a "c+" rating in a research note on Tuesday, February 6th. Wolfe Research began coverage on shares of Mosaic in a research note on Friday, March 1st. They set an "outperform" rating and a $39.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, February 23rd. Two 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.com, Mosaic has an average rating of "Hold" and an average target price of $40.63.
Check Out Our Latest Stock Report on Mosaic
Mosaic Stock Up 1.4 %
MOS stock traded up $0.44 during trading on Wednesday, reaching $32.55. The stock had a trading volume of 3,250,523 shares, compared to its average volume of 5,139,459. The Mosaic Company has a 1-year low of $29.25 and a 1-year high of $48.92. 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 company has a market capitalization of $10.47 billion, a P/E ratio of 9.33, a PEG ratio of 1.64 and a beta of 1.50. The firm has a fifty day moving average price of $31.30 and a 200 day moving average price of $33.81.
Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business's quarterly revenue was down 29.7% compared to the same quarter last year. On average, equities analysts anticipate that The Mosaic Company will post 2.83 earnings per share for the current year.
Mosaic Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.58%. Mosaic's dividend payout ratio is currently 24.07%.
Mosaic Profile
(
Free Report)
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.
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