The Mosaic Company (NYSE:MOS) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,525,330 shares of the basic materials company's stock after selling 152,700 shares during the quarter. LSV Asset Management owned 0.77% of Mosaic worth $90,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MOS. Invesco Ltd. increased its stake in shares of Mosaic by 3.2% during the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company's stock worth $313,020,000 after buying an additional 268,966 shares during the period. Northern Trust Corp raised its holdings in shares of Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company's stock valued at $217,429,000 after purchasing an additional 424,063 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company's stock worth $136,641,000 after purchasing an additional 186,337 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Mosaic by 3.6% during the third quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company's stock worth $109,042,000 after purchasing an additional 107,011 shares in the last quarter. Finally, FMR LLC increased its holdings in Mosaic by 1.0% in the third quarter. FMR LLC now owns 2,550,619 shares of the basic materials company's stock valued at $90,802,000 after buying an additional 24,420 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of NYSE:MOS traded up $0.27 during trading on Friday, reaching $28.68. The company had a trading volume of 5,229,141 shares, compared to its average volume of 4,586,717. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.57. The stock's fifty day moving average price is $31.41 and its 200 day moving average price is $33.02. The Mosaic Company has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.47 and a beta of 1.51.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The business's quarterly revenue was down 25.7% compared to the same quarter last year. As a group, equities research analysts predict that The Mosaic Company will post 2.78 EPS for the current year.

Mosaic Dividend Announcement

The company 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 $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.93%. Mosaic's payout ratio is currently 35.74%.

Analyst Upgrades and Downgrades

MOS has been the subject of several analyst reports. Wolfe Research initiated coverage on Mosaic in a research report on Friday, March 1st. They set an "outperform" rating and a $39.00 price objective for the company. The Goldman Sachs Group cut 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. Piper Sandler cut shares of 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 report on Thursday, February 29th. Wells Fargo & Company boosted their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Finally, Scotiabank raised 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $40.20.

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.