Massmutual Trust Co. FSB ADV lifted its holdings in shares of The Mosaic Company (NYSE:MOS – Free Report) by 473.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002 shares of the basic materials company’s stock after purchasing an additional 1,653 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Mosaic were worth $71,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Delphi Management Inc. MA acquired a new position in Mosaic during the 2nd quarter worth approximately $811,000. Virginia Retirement Systems ET AL purchased a new position in Mosaic during the 2nd quarter worth $10,069,000. Comerica Bank bought a new stake in shares of Mosaic in the 2nd quarter worth $20,530,000. Osaic Holdings Inc. raised its holdings in shares of Mosaic by 7.8% in the second quarter. Osaic Holdings Inc. now owns 109,255 shares of the basic materials company’s stock valued at $3,826,000 after purchasing an additional 7,952 shares during the last quarter. Finally, Humankind Investments LLC lifted its position in shares of Mosaic by 88.4% during the second quarter. Humankind Investments LLC now owns 57,432 shares of the basic materials company’s stock valued at $2,010,000 after purchasing an additional 26,947 shares in the last quarter. Institutional investors own 84.05% of the company’s stock.
Wall Street Analysts Forecast Growth
MOS has been the subject of several analyst reports. Piper Sandler increased their price objective on shares of Mosaic from $42.00 to $46.00 in a research note on Monday, August 7th. Royal Bank of Canada reduced their target price on Mosaic from $40.00 to $35.00 and set a “sector perform” rating for the company in a report on Thursday, November 9th. Bank of America upped their target price on Mosaic from $50.00 to $51.00 and gave the company a “buy” rating in a report on Monday, August 7th. Stifel Nicolaus reduced their target price on Mosaic from $41.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, October 4th. Finally, Credit Suisse Group upped their target price on Mosaic from $33.00 to $36.00 and gave the company an “underperform” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $45.35.
Mosaic Price Performance
Shares of MOS stock traded down $0.63 on Friday, reaching $36.15. The company’s stock had a trading volume of 3,667,881 shares, compared to its average volume of 3,851,680. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 0.20. The Mosaic Company has a 12-month low of $31.44 and a 12-month high of $57.46. The company has a market capitalization of $11.81 billion, a P/E ratio of 9.27, a PEG ratio of 1.39 and a beta of 1.56. The stock’s 50 day simple moving average is $35.33 and its 200-day simple moving average is $36.55.
Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Mosaic had a return on equity of 12.71% and a net margin of 8.80%. The company’s quarterly revenue was down 33.7% on a year-over-year basis. During the same quarter last year, the business posted $3.22 EPS. As a group, equities analysts predict that The Mosaic Company will post 3.78 earnings per share for the current fiscal year.
Mosaic Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. Mosaic’s dividend payout ratio is presently 20.51%.
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.
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