Everence Capital Management Inc. Purchases Shares of 10,110 The Mosaic Company (NYSE:MOS)

Everence Capital Management Inc. purchased a new stake in The Mosaic Company (NYSE:MOS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,110 shares of the basic materials company’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake in Mosaic by 0.5% in the first quarter. State Street Corp now owns 17,316,083 shares of the basic materials company’s stock valued at $794,460,000 after buying an additional 81,245 shares during the last quarter. Invesco Ltd. raised its stake in Mosaic by 3.2% in the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock valued at $313,020,000 after buying an additional 268,966 shares during the last quarter. Geode Capital Management LLC raised its stake in Mosaic by 2.3% in the first quarter. Geode Capital Management LLC now owns 7,230,422 shares of the basic materials company’s stock valued at $332,410,000 after buying an additional 160,329 shares during the last quarter. Capital International Investors purchased a new stake in Mosaic in the first quarter valued at about $412,663,000. Finally, Northern Trust Corp raised its stake in Mosaic by 7.5% in the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after buying an additional 424,063 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on MOS shares. Wolfe Research started coverage on Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 target price for the company. Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price for the company in a report on Thursday, February 22nd. Mizuho downgraded Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Finally, Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average price target of $40.27.

Mosaic Stock Up 0.6 %

Shares of MOS stock opened at $30.47 on Friday. The stock has a 50 day moving average of $31.46 and a 200 day moving average of $33.48. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The stock has a market cap of $9.80 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.54 and a beta of 1.50. The Mosaic Company has a twelve month low of $29.25 and a twelve month high of $45.97.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The firm’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. As a group, sell-side analysts expect that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is presently 24.07%.

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.