The Mosaic Company (NYSE:MOS) Shares Sold by Xponance Inc.

Xponance Inc. decreased its position in shares of The Mosaic Company (NYSE:MOS) by 6.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 42,129 shares of the basic materials company’s stock after selling 2,916 shares during the period. Xponance Inc.’s holdings in Mosaic were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in shares of Mosaic by 5.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 29,399 shares of the basic materials company’s stock valued at $1,050,000 after buying an additional 1,615 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mosaic by 17.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,693 shares of the basic materials company’s stock worth $7,314,000 after acquiring an additional 30,429 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Mosaic during the 4th quarter worth $361,000. SVB Wealth LLC purchased a new position in shares of Mosaic during the 4th quarter worth $295,000. Finally, First American Trust FSB purchased a new position in shares of Mosaic during the 4th quarter worth $2,613,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a report on Thursday, February 22nd. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Wells Fargo & Company raised their price objective on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group cut their price objective on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.27.

Mosaic Stock Performance

Shares of Mosaic stock opened at $30.41 on Wednesday. The Mosaic Company has a one year low of $29.25 and a one year high of $44.44. The company has a market cap of $9.78 billion, a PE ratio of 8.71, a P/E/G 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. The business has a 50-day simple moving average of $31.51 and a 200-day simple moving average of $33.38.

Mosaic (NYSE:MOS) last announced 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). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm posted $1.74 earnings per share. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. On average, equities research analysts forecast that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s payout ratio is 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.