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

Federated Hermes Inc. cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 545,156 shares of the basic materials company’s stock after selling 58,451 shares during the quarter. Federated Hermes Inc. owned 0.17% of Mosaic worth $19,478,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MOS. Daiwa Securities Group Inc. boosted its holdings in Mosaic by 5.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 29,399 shares of the basic materials company’s stock valued at $1,050,000 after purchasing an additional 1,615 shares during the period. Guidance Capital Inc. raised its position in Mosaic by 24.3% in the 4th quarter. Guidance Capital Inc. now owns 10,597 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 2,070 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Mosaic by 17.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 204,693 shares of the basic materials company’s stock valued at $7,314,000 after buying an additional 30,429 shares during the period. Everence Capital Management Inc. acquired a new position in Mosaic during the 4th quarter worth approximately $361,000. Finally, SVB Wealth LLC purchased a new stake in shares of Mosaic in the 4th quarter valued at approximately $295,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of MOS stock opened at $31.00 on Monday. 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 Mosaic Company has a 12-month low of $29.25 and a 12-month high of $45.33. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50. The stock has a 50 day simple moving average of $31.48 and a 200-day simple moving average of $33.43.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The company’s revenue was down 29.7% compared to the same quarter last year. On average, equities analysts forecast that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.71%. Mosaic’s payout ratio is 24.07%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MOS. Mizuho cut shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their price target on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. The Goldman Sachs Group reduced their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Finally, Piper Sandler downgraded shares of Mosaic from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $40.27.

Mosaic 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.