The Mosaic Company (NYSE:MOS) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in The Mosaic Company (NYSE:MOS) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,516 shares of the basic materials company’s stock after buying an additional 570 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mosaic were worth $799,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MOS. Truist Financial Corp raised its stake in shares of Mosaic by 39.9% during the second quarter. Truist Financial Corp now owns 14,553 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 4,152 shares in the last quarter. CWM LLC boosted its holdings in Mosaic by 41.2% during the third quarter. CWM LLC now owns 16,738 shares of the basic materials company’s stock worth $448,000 after buying an additional 4,888 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Mosaic during the third quarter worth $102,000. Creative Planning lifted its stake in Mosaic by 25.6% during the third quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock valued at $824,000 after buying an additional 6,278 shares in the last quarter. Finally, Swedbank AB boosted its stake in Mosaic by 2.3% in the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Down 1.8 %

Shares of Mosaic stock opened at $26.94 on Wednesday. The company’s fifty day moving average price is $26.17 and its two-hundred day moving average price is $26.61. The firm has a market capitalization of $8.56 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 52-week low of $23.56 and a 52-week high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.27%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Analyst Ratings Changes

Several analysts recently issued reports on MOS shares. Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating for the company. Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $30.00 to $27.00 in a research note on Tuesday, January 21st. Morgan Stanley decreased their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler lifted their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, CIBC began coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.80.

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.