Sapient Capital LLC Invests $2.30 Million in The Mosaic Company (NYSE:MOS)

Sapient Capital LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 64,366 shares of the basic materials company's stock, valued at approximately $2,300,000.

Several other large investors have also recently bought and sold shares of the company. Bornite Capital Management LP acquired a new stake in shares of Mosaic during the first quarter worth about $13,300,000. Sei Investments Co. boosted its holdings in shares of Mosaic by 7.2% in the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company's stock valued at $12,614,000 after buying an additional 12,679 shares during the period. Cetera Investment Advisers increased its position in shares of Mosaic by 7.9% during the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company's stock worth $1,366,000 after acquiring an additional 1,507 shares in the last quarter. National Pension Service acquired a new stake in shares of Mosaic during the first quarter worth $30,360,000. Finally, Baird Financial Group Inc. boosted its stake in Mosaic by 55.4% in the 1st quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company's stock worth $20,749,000 after purchasing an additional 111,236 shares during the period. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MOS shares. The Goldman Sachs Group reduced 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. 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 report on Thursday, February 22nd. Mizuho downgraded shares of Mosaic from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $42.00 to $34.00 in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their target price on Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Finally, Piper Sandler cut Mosaic from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.27.

Mosaic Stock Performance

Shares of MOS traded down $0.96 during midday trading on Friday, reaching $31.12. 3,559,619 shares of the stock were exchanged, compared to its average volume of 5,034,951. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The stock's 50 day simple moving average is $31.44 and its 200 day simple moving average is $33.60. The Mosaic Company has a twelve month low of $29.25 and a twelve month high of $48.92. The company has a market cap of $10.01 billion, a P/E ratio of 8.92, a PEG ratio of 1.66 and a beta of 1.50.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (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 business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The business's revenue for the quarter was down 29.7% on a year-over-year basis. On average, sell-side analysts expect that The Mosaic Company will post 2.81 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.70%. Mosaic's payout ratio is 24.07%.

Mosaic 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.