International Assets Investment Management LLC Has $8.58 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

International Assets Investment Management LLC grew its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 3,212.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 240,200 shares of the basic materials company's stock after purchasing an additional 232,949 shares during the period. International Assets Investment Management LLC owned approximately 0.07% of Mosaic worth $8,582,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MOS. High Net Worth Advisory Group LLC purchased a new stake in shares of Mosaic in the 1st quarter worth about $33,000. Clear Street Markets LLC boosted its position in shares of 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 buying an additional 324 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Mosaic in the 1st quarter worth about $44,000. Carolinas Wealth Consulting LLC boosted 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 worth $48,000 after buying an additional 701 shares in the last quarter. Finally, Denali Advisors LLC raised 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 valued at $30,000 after purchasing an additional 414 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MOS. Wolfe Research began coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 target price for the company. 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. Wells Fargo & Company boosted their target price 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. Piper Sandler downgraded shares of Mosaic from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $40.27.

Mosaic Stock Down 3.0 %

NYSE MOS traded down $0.96 during mid-day trading on Friday, reaching $31.12. 3,564,292 shares of the company's stock traded hands, compared to its average volume of 4,318,710. The Mosaic Company has a 1-year low of $29.25 and a 1-year high of $48.92. The company has a fifty day simple moving average of $31.44 and a 200-day simple moving average of $33.58. 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 cap of $10.01 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 1.58 and a beta of 1.50.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $1.74 EPS. Mosaic's revenue for the quarter was down 29.7% compared to the same quarter last year. As a group, equities research analysts expect that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Announces Dividend

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

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.