Pacer Advisors Inc. Buys 24,281 Shares of The Mosaic Company (NYSE:MOS)

Pacer Advisors Inc. grew its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,807 shares of the basic materials company's stock after purchasing an additional 24,281 shares during the quarter. Pacer Advisors Inc.'s holdings in Mosaic were worth $1,814,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Creative Planning boosted its position in Mosaic by 46.5% during the second quarter. Creative Planning now owns 24,487 shares of the basic materials company's stock valued at $708,000 after purchasing an additional 7,772 shares during the last quarter. Truist Financial Corp raised its holdings in shares of 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 buying an additional 4,152 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Mosaic during the second quarter worth $1,419,000. Czech National Bank boosted its position in Mosaic by 6.0% during the 3rd quarter. Czech National Bank now owns 64,909 shares of the basic materials company's stock worth $1,738,000 after buying an additional 3,664 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Mosaic by 41.8% in the third quarter. SG Americas Securities LLC now owns 121,307 shares of the basic materials company's stock worth $3,249,000 after acquiring an additional 35,789 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MOS shares. CIBC assumed coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price objective on the stock. Piper Sandler increased their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Barclays lowered Mosaic from an "overweight" rating to an "underweight" rating and reduced their price target for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their price objective on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Mosaic currently has an average rating of "Hold" and an average price target of $33.80.

Mosaic Stock Down 1.5 %

Shares of MOS traded down $0.43 during midday trading on Wednesday, reaching $27.79. The stock had a trading volume of 7,688,208 shares, compared to its average volume of 4,865,126. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.49 and a beta of 1.34. The Mosaic Company has a 1-year low of $23.56 and a 1-year high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company's fifty day simple moving average is $26.15 and its two-hundred day simple moving average is $26.67.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share 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 period in the previous year, the firm earned $0.68 EPS. The firm's revenue was down 20.8% on a year-over-year basis. Equities research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is an increase from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.17%. Mosaic's payout ratio is 74.34%.

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.