abrdn plc trimmed its position in The Mosaic Company (NYSE:MOS - Free Report) by 54.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,576 shares of the basic materials company's stock after selling 58,306 shares during the period. abrdn plc's holdings in Mosaic were worth $1,213,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MOS. Truist Financial Corp increased its holdings in Mosaic by 39.9% during the 2nd quarter. Truist Financial Corp now owns 14,553 shares of the basic materials company's stock worth $421,000 after purchasing an additional 4,152 shares in the last quarter. CWM LLC increased its holdings in Mosaic by 41.2% during the 3rd quarter. CWM LLC now owns 16,738 shares of the basic materials company's stock worth $448,000 after purchasing an additional 4,888 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Mosaic during the 3rd quarter worth approximately $102,000. CVA Family Office LLC increased its holdings in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after purchasing an additional 384 shares in the last quarter. Finally, Willis Investment Counsel increased its holdings in Mosaic by 1.7% during the 3rd quarter. Willis Investment Counsel now owns 144,543 shares of the basic materials company's stock worth $3,871,000 after purchasing an additional 2,452 shares in the last quarter. 77.54% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on MOS. Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They set a "market perform" rating for the company. Barclays lowered Mosaic from an "overweight" rating to an "underweight" rating and reduced their target price for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Finally, Piper Sandler upped their target price on Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.80.
Check Out Our Latest Stock Report on Mosaic
Mosaic Stock Performance
Mosaic stock traded up $0.11 during trading on Friday, hitting $26.54. The stock had a trading volume of 3,089,443 shares, compared to its average volume of 4,799,424. The Mosaic Company has a 1 year low of $23.56 and a 1 year high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average is $26.18 and its two-hundred day moving average is $26.57. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.
Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter in the previous year, the company posted $0.68 EPS. Mosaic's revenue for the quarter was down 20.8% on a year-over-year basis. As a group, analysts predict that The Mosaic Company will post 2.04 EPS for the current year.
Mosaic Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. This is an increase from Mosaic's previous quarterly dividend of $0.21. Mosaic's dividend payout ratio is currently 77.88%.
Mosaic Company Profile
(
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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