Handelsbanken Fonder AB Increases Position in The Mosaic Company (NYSE:MOS)

Handelsbanken Fonder AB lifted its position in shares of The Mosaic Company (NYSE:MOS) by 92.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,903 shares of the basic materials company’s stock after acquiring an additional 80,780 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mosaic were worth $5,999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its position in shares of 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 purchasing an additional 268,966 shares during the last quarter. Northern Trust Corp raised its stake in shares of Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after acquiring an additional 424,063 shares during the period. Pacer Advisors Inc. raised its stake in shares of Mosaic by 5.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock valued at $136,641,000 after acquiring an additional 186,337 shares during the period. Deutsche Bank AG grew its holdings in Mosaic by 3.6% during the 3rd quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock valued at $109,042,000 after purchasing an additional 107,011 shares in the last quarter. Finally, FMR LLC grew its holdings in Mosaic by 1.0% during the 3rd quarter. FMR LLC now owns 2,550,619 shares of the basic materials company’s stock valued at $90,802,000 after purchasing an additional 24,420 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective for the company. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price objective on the stock in a research report on Thursday, February 22nd. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.27.

Mosaic Stock Performance

Shares of MOS opened at $30.28 on Friday. The company’s 50 day moving average price is $31.53 and its 200 day moving average price is $33.34. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $43.99. The company has a market capitalization of $9.74 billion, a PE ratio of 8.68, a PEG ratio of 1.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22.

Mosaic (NYSE:MOS) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (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 analyst estimates of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. Mosaic’s 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. Research analysts expect that The Mosaic Company will post 2.79 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is currently 24.07%.

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.