The Mosaic Company (NYSE:MOS) Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. lessened its stake in The Mosaic Company (NYSE:MOS) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 632,263 shares of the basic materials company’s stock after selling 2,163 shares during the period. Mosaic comprises 2.6% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 12th biggest position. Foundation Resource Management Inc.’s holdings in Mosaic were worth $15,541,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Mosaic by 34.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after acquiring an additional 1,628,850 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after purchasing an additional 947,500 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Mosaic by 32.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after purchasing an additional 668,347 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Mosaic by 15.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock valued at $95,691,000 after purchasing an additional 435,598 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MOS shares. Morgan Stanley cut their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday. Oppenheimer assumed coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. CIBC began coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Piper Sandler upgraded Mosaic from an “underweight” rating to a “neutral” rating and increased their target price for the company from $26.00 to $30.00 in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average price target of $35.09.

Mosaic Trading Up 1.1 %

Shares of MOS stock opened at $27.12 on Wednesday. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The firm has a market capitalization of $8.61 billion, a P/E ratio of 24.00, a PEG ratio of 1.85 and a beta of 1.34. The stock’s fifty day moving average is $25.71 and its two-hundred day moving average is $26.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last posted its quarterly 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). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was down 20.8% compared to the same quarter last year. Research analysts expect that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. Mosaic’s dividend payout ratio is 77.88%.

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.