The Mosaic Company (NYSE:MOS) Stock Holdings Lessened by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its stake in shares of The Mosaic Company (NYSE:MOS) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,741 shares of the basic materials company’s stock after selling 3,112 shares during the period. Bleakley Financial Group LLC’s holdings in Mosaic were worth $2,132,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MOS. Brooklyn Investment Group raised its holdings in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Mosaic during the 4th quarter valued at about $33,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic in the 4th quarter valued at approximately $41,000. Larson Financial Group LLC raised its position in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,809 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Mosaic by 46.4% in the third 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 last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent research reports. Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price target for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. Piper Sandler upped their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Mizuho raised their price objective on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.80.

Mosaic Stock Up 1.3 %

Shares of MOS opened at $26.84 on Friday. The Mosaic Company has a 52 week low of $23.56 and a 52 week high of $33.44. The firm has a market capitalization of $8.52 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 1.34. The company has a 50-day simple moving average of $26.16 and a 200-day simple moving average of $26.67. 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 announced 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). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business posted $0.68 EPS. Mosaic’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.28%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is presently 74.34%.

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.