Raymond James Financial Services Advisors Inc. Reduces Holdings in The Mosaic Company (NYSE:MOS)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 34.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,548 shares of the basic materials company’s stock after selling 29,671 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Mosaic were worth $1,985,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MOS. Clear Street Markets LLC grew its stake in Mosaic by 93.9% in the 1st quarter. Clear Street Markets LLC now owns 669 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 324 shares during the period. High Net Worth Advisory Group LLC purchased a new stake in Mosaic in the 1st quarter worth approximately $33,000. First Command Bank grew its stake in Mosaic by 60.1% in the 2nd quarter. First Command Bank now owns 866 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 325 shares during the period. Penserra Capital Management LLC purchased a new stake in Mosaic in the 1st quarter worth approximately $44,000. Finally, Carolinas Wealth Consulting LLC grew its stake in Mosaic by 3,186.4% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 701 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE:MOS opened at $32.68 on Thursday. 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 firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.68 and a beta of 1.50. The firm’s fifty day simple moving average is $31.41 and its 200 day simple moving average is $33.65. The Mosaic Company has a twelve month low of $29.25 and a twelve month high of $48.92.

Mosaic (NYSE:MOS) last issued 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 firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. As a group, equities research analysts expect that The Mosaic Company will post 2.77 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.57%. Mosaic’s dividend payout ratio is currently 24.07%.

Wall Street Analyst Weigh In

MOS has been the subject of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Mizuho lowered shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. The Goldman Sachs Group decreased their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Scotiabank upgraded shares of 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $40.27.

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.