Vanguard Personalized Indexing Management LLC Increases Stock Holdings in The Mosaic Company $MOS

Vanguard Personalized Indexing Management LLC boosted its position in shares of The Mosaic Company (NYSE:MOS) by 26.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 66,203 shares of the basic materials company’s stock after purchasing an additional 13,772 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Mosaic were worth $2,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company’s stock valued at $310,549,000 after purchasing an additional 456,327 shares during the period. Boston Partners raised its position in shares of Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock worth $215,540,000 after buying an additional 2,368,094 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company’s stock valued at $97,113,000 after buying an additional 226,856 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Mosaic during the first quarter valued at $54,953,000. Finally, Truist Financial Corp grew its position in Mosaic by 13,275.9% during the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after buying an additional 2,007,717 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank Of Canada downgraded Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 price target for the company. in a research report on Friday, October 10th. Wells Fargo & Company cut their price target on shares of Mosaic from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, August 7th. Zacks Research cut shares of Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. UBS Group dropped their price objective on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday. Finally, Scotiabank cut Mosaic from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $39.00 to $34.00 in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.15.

Mosaic Stock Down 0.5%

Shares of NYSE:MOS opened at $29.80 on Thursday. The stock has a market capitalization of $9.46 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. The stock’s 50-day moving average price is $33.19 and its 200-day moving average price is $33.09. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.11 billion. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s payout ratio is presently 29.83%.

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.