Mackenzie Financial Corp Has $63.88 Million Position in The Mosaic Company (NYSE:MOS)

Mackenzie Financial Corp boosted its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,787,916 shares of the basic materials company's stock after acquiring an additional 77,938 shares during the period. Mackenzie Financial Corp owned approximately 0.55% of Mosaic worth $63,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. Bornite Capital Management LP acquired a new stake in shares of Mosaic in the 1st quarter valued at about $13,300,000. Sei Investments Co. raised its stake in shares of Mosaic by 7.2% in the 1st quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company's stock valued at $12,614,000 after purchasing an additional 12,679 shares during the period. Cetera Investment Advisers raised its stake in shares of Mosaic by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company's stock valued at $1,366,000 after purchasing an additional 1,507 shares during the period. National Pension Service acquired a new stake in shares of Mosaic in the 1st quarter valued at about $30,360,000. Finally, Baird Financial Group Inc. raised its stake in shares of Mosaic by 55.4% in the 1st quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company's stock valued at $20,749,000 after purchasing an additional 111,236 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wolfe Research assumed coverage on Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 price target on the stock. Wells Fargo & Company lifted their price target on Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, February 23rd. Scotiabank raised Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 target price on the stock in a research report on Thursday, February 22nd. Piper Sandler downgraded Mosaic from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Finally, TheStreet downgraded Mosaic from a "b-" rating to a "c+" rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.27.

Mosaic Stock Performance

NYSE MOS traded down $0.13 during trading on Wednesday, reaching $30.29. 2,900,929 shares of the company's stock were exchanged, compared to its average volume of 4,965,003. The business has a 50 day moving average price of $31.46 and a 200-day moving average price of $33.48. The stock has a market capitalization of $9.74 billion, a P/E ratio of 8.68, a PEG ratio of 1.57 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $47.42.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results 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). The business 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%. Mosaic's quarterly revenue was down 29.7% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. Sell-side analysts forecast that The Mosaic Company will post 2.81 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, June 6th. Mosaic's dividend payout ratio is presently 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.