Xponance Inc. Trims Holdings in The Mosaic Company (NYSE:MOS)

Xponance Inc. cut its holdings in The Mosaic Company (NYSE:MOS) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,129 shares of the basic materials company’s stock after selling 2,916 shares during the quarter. Xponance Inc.’s holdings in Mosaic were worth $1,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Denali Advisors LLC grew its position in shares of Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares during the period. Janiczek Wealth Management LLC grew its position in shares of Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after buying an additional 1,289 shares during the period. NBC Securities Inc. purchased a new stake in shares of Mosaic in the 3rd quarter worth about $57,000. Finally, Planned Solutions Inc. purchased a new stake in Mosaic during the 4th quarter valued at about $65,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Trading Down 1.1 %

MOS stock opened at $30.41 on Wednesday. The firm has a fifty day moving average price of $31.51 and a 200 day moving average price of $33.38. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $44.44. 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 firm has a market cap of $9.78 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50.

Mosaic (NYSE:MOS) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the business posted $1.74 earnings per share. The company’s revenue for the quarter was down 29.7% compared to the same quarter last year. Sell-side analysts anticipate that The Mosaic Company will post 2.81 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is 24.07%.

Wall Street Analyst Weigh In

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