Paradiem LLC cut its stake in The Mosaic Company (NYSE:MOS - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,855 shares of the basic materials company's stock after selling 25,480 shares during the period. Paradiem LLC's holdings in Mosaic were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Denali Advisors LLC raised its stake in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock worth $30,000 after buying an additional 414 shares during the last quarter. Janiczek Wealth Management LLC raised its stake 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 buying an additional 318 shares during the last quarter. Exchange Traded Concepts LLC raised its stake 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 buying an additional 1,289 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Mosaic during the third quarter worth approximately $57,000. Finally, Planned Solutions Inc. bought a new stake in shares of Mosaic during the fourth quarter worth approximately $65,000. 77.54% of the stock is owned by institutional investors.
Mosaic Stock Performance
NYSE MOS traded down $0.03 on Friday, hitting $30.25. 2,670,272 shares of the stock were exchanged, compared to its average volume of 3,632,738. 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 business's fifty day moving average is $31.52 and its 200 day moving average is $33.26. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $43.99. The company has a market capitalization of $9.73 billion, a PE ratio of 8.67, a P/E/G ratio of 1.55 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 the consensus estimate of $0.82 by ($0.11). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. Mosaic's revenue for the quarter was down 29.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 earnings per share. Research analysts anticipate that The Mosaic Company will post 2.79 EPS for the current fiscal year.
Mosaic Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.78%. Mosaic's dividend payout ratio (DPR) is presently 24.07%.
Analyst Upgrades and Downgrades
MOS has been the subject of a number of analyst reports. TheStreet cut shares of Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. The Goldman Sachs Group decreased their price objective on shares of Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Wolfe Research initiated coverage on shares of Mosaic in a report on Friday, March 1st. They set an "outperform" rating and a $39.00 price objective for the company. Piper Sandler cut shares of Mosaic from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Finally, Mizuho cut shares of Mosaic from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has an average rating of "Hold" and an average target price of $40.27.
Read Our Latest Report on Mosaic
About Mosaic
(
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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