Core Alternative Capital Has $1.54 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

Core Alternative Capital lowered its holdings in shares of The Mosaic Company (NYSE:MOS) by 52.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,799 shares of the basic materials company’s stock after selling 68,750 shares during the period. Core Alternative Capital’s holdings in Mosaic were worth $1,544,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp raised its stake in Mosaic by 39.9% during the second quarter. Truist Financial Corp now owns 14,553 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 4,152 shares in the last quarter. CWM LLC grew its holdings in shares of Mosaic by 41.2% during the 3rd quarter. CWM LLC now owns 16,738 shares of the basic materials company’s stock valued at $448,000 after purchasing an additional 4,888 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Mosaic during the 3rd quarter worth approximately $102,000. CVA Family Office LLC lifted its stake in Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 384 shares during the last quarter. Finally, Willis Investment Counsel boosted its position in Mosaic by 1.7% in the third quarter. Willis Investment Counsel now owns 144,543 shares of the basic materials company’s stock valued at $3,871,000 after buying an additional 2,452 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MOS shares. Piper Sandler upped 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. Oppenheimer initiated coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. CIBC began coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Barclays cut 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 report on Tuesday, January 21st. Finally, Morgan Stanley dropped 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, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and an average price target of $33.80.

Mosaic Stock Performance

Shares of MOS stock opened at $27.43 on Tuesday. 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 one year low of $23.56 and a one year high of $33.44. The business’s 50 day simple moving average is $26.17 and its 200 day simple moving average is $26.62. The stock has a market capitalization of $8.71 billion, a PE ratio of 24.27, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic (NYSE:MOS) last posted its quarterly earnings data 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). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. As a group, research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 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.