Live Oak Private Wealth LLC Sells 58,392 Shares of The Mosaic Company (NYSE:MOS)

Live Oak Private Wealth LLC cut its stake in The Mosaic Company (NYSE:MOS - Free Report) by 42.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,026 shares of the basic materials company's stock after selling 58,392 shares during the period. Live Oak Private Wealth LLC's holdings in Mosaic were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its stake in shares of Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock worth $625,000 after purchasing an additional 354 shares in the last quarter. CVA Family Office LLC raised its stake in shares of 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. V Square Quantitative Management LLC raised its stake in Mosaic by 5.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company's stock valued at $235,000 after acquiring an additional 426 shares during the period. GAMMA Investing LLC raised its stake in Mosaic by 5.8% in the 3rd quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company's stock valued at $254,000 after acquiring an additional 517 shares during the period. Finally, Blue Trust Inc. raised its stake in Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 570 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MOS. Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. CIBC began coverage on Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Piper Sandler increased their price target on Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They issued a "market perform" rating on the stock. Finally, Barclays lowered Mosaic from an "overweight" rating to an "underweight" rating and decreased their price objective for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. 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 stock. According to MarketBeat, Mosaic presently has a consensus rating of "Hold" and a consensus price target of $33.80.

Mosaic Price Performance

Shares of MOS stock traded down $0.06 on Tuesday, hitting $27.37. 1,391,139 shares of the company's stock were exchanged, compared to its average volume of 4,747,639. 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 Mosaic Company has a 12 month low of $23.56 and a 12 month high of $33.44. The stock has a market cap of $8.70 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a 50 day moving average of $26.17 and a 200 day moving average of $26.62.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company's revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. On average, equities research 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. Investors of record on Thursday, March 6th will be given a dividend of $0.22 per share. This is a positive change from Mosaic's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic's dividend payout ratio (DPR) is currently 74.34%.

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.