Newbridge Financial Services Group Inc. Has $71,000 Stock Position in The Mosaic Company (NYSE:MOS)

Newbridge Financial Services Group Inc. reduced its position in The Mosaic Company (NYSE:MOS) by 29.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,900 shares of the basic materials company’s stock after selling 1,200 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Mosaic were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOS. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the last quarter. Two Sigma Advisers LP increased its stake 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 worth $87,817,000 after purchasing an additional 947,500 shares during the last quarter. Donald Smith & CO. Inc. raised 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. Thompson Siegel & Walmsley LLC raised its holdings in shares of Mosaic by 13.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after purchasing an additional 359,760 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new position in Mosaic during the third quarter worth $5,837,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler boosted their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Mizuho upped their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.80.

Mosaic Stock Performance

NYSE:MOS opened at $27.43 on Tuesday. The firm’s 50-day moving average is $26.17 and its 200-day moving average is $26.62. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a 52-week low of $23.56 and a 52-week high of $33.44.

Mosaic (NYSE:MOS) last posted its quarterly earnings results 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 analyst estimates of $3.17 billion. During the same period last year, the company earned $0.68 EPS. The company’s revenue was down 20.8% on a year-over-year basis. Equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The company 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 $0.22 dividend. This is a boost 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 77.88%.

Mosaic 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.