Federated Hermes Inc. Decreases Stock Holdings in The Mosaic Company (NYSE:MOS)

Federated Hermes Inc. cut its position in The Mosaic Company (NYSE:MOS - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,156 shares of the basic materials company's stock after selling 58,451 shares during the quarter. Federated Hermes Inc. owned 0.17% of Mosaic worth $19,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Denali Advisors LLC boosted its stake in Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 414 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company's stock worth $52,000 after purchasing an additional 318 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Mosaic by 526.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company's stock worth $55,000 after purchasing an additional 1,289 shares during the period. NBC Securities Inc. acquired a new stake in shares of Mosaic during the third quarter worth $57,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Mosaic during the fourth quarter worth $65,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Mosaic in a report on Friday, March 1st. They set an "outperform" rating and a $39.00 target price on the stock. TheStreet cut shares of Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Scotiabank raised shares of Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 price objective on the stock in a report on Thursday, February 22nd. Mizuho cut shares of Mosaic from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group dropped their price objective on shares of Mosaic from $54.00 to $48.00 and set a "buy" rating on the stock in a report 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.27.

Mosaic Price Performance

Shares of NYSE:MOS traded down $0.27 during trading hours on Monday, hitting $30.73. 2,929,888 shares of the company's stock traded hands, compared to its average volume of 4,892,243. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $44.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The company's fifty day simple moving average is $31.48 and its two-hundred day simple moving average is $33.43. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.58 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 EPS for the quarter, missing the consensus estimate 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 previous year, the business earned $1.74 earnings per share. The business's quarterly revenue was down 29.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced 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. This represents a $0.84 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic's payout ratio is 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.