Donald Smith & CO. Inc. Increases Stake in The Mosaic Company (NYSE:MOS)

Donald Smith & CO. Inc. boosted its stake in The Mosaic Company (NYSE:MOS - Free Report) by 84.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,709 shares of the basic materials company's stock after purchasing an additional 273,590 shares during the quarter. Donald Smith & CO. Inc. owned about 0.18% of Mosaic worth $21,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in shares of Mosaic by 6.7% during the 4th quarter. Russell Investments Group Ltd. now owns 684,782 shares of the basic materials company's stock worth $24,468,000 after acquiring an additional 43,074 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in Mosaic during the fourth quarter worth about $248,000. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Mosaic by 5.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,435,687 shares of the basic materials company's stock valued at $51,297,000 after purchasing an additional 72,220 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Mosaic during the 4th quarter valued at about $317,000. Finally, Alaska Permanent Fund Corp lifted its position in Mosaic by 1.0% in the 4th quarter. Alaska Permanent Fund Corp now owns 67,192 shares of the basic materials company's stock worth $2,401,000 after buying an additional 692 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MOS shares. Scotiabank raised shares of Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. TheStreet downgraded Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Wolfe Research started coverage on Mosaic in a research report on Friday, March 1st. They set an "outperform" rating and a $39.00 price target on the stock. Piper Sandler lowered 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, Wells Fargo & Company lifted their target price on shares of Mosaic from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, February 23rd. 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $40.27.

Mosaic Stock Up 2.0 %

Mosaic stock traded up $0.62 during trading hours on Monday, hitting $30.87. 3,972,801 shares of the stock traded hands, compared to its average volume of 4,822,927. The Mosaic Company has a one year low of $29.25 and a one year high of $43.99. The company has a market cap of $9.93 billion, a PE ratio of 8.85, a PEG ratio of 1.55 and a beta of 1.50. The firm's 50-day moving average price is $31.53 and its two-hundred day moving average price is $33.22. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. Mosaic's revenue for the quarter was down 29.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 earnings per share. On average, research analysts forecast that The Mosaic Company will post 2.79 EPS for the current year.

Mosaic Dividend Announcement

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 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 2.72%. Mosaic's dividend payout ratio (DPR) is currently 24.07%.

Mosaic Company 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.