Foundation Resource Management Inc. Sells 2,163 Shares of The Mosaic Company (NYSE:MOS)

Foundation Resource Management Inc. reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,263 shares of the basic materials company’s stock after selling 2,163 shares during the quarter. Mosaic comprises approximately 2.6% of Foundation Resource Management Inc.’s holdings, making the stock its 12th largest position. Foundation Resource Management Inc. owned about 0.20% of Mosaic worth $15,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MOS. Dimensional Fund Advisors LP grew its holdings in Mosaic by 34.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after buying an additional 1,628,850 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after acquiring an additional 986,812 shares during the last quarter. Two Sigma Advisers LP raised its position in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after purchasing an additional 947,500 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of Mosaic by 32.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after purchasing an additional 668,347 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock valued at $95,691,000 after buying an additional 435,598 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 1.1 %

NYSE:MOS opened at $27.12 on Wednesday. The company has a market capitalization of $8.61 billion, a P/E ratio of 24.00, a PEG ratio of 1.85 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12 month low of $23.56 and a 12 month high of $33.44. The firm has a fifty day simple moving average of $25.71 and a 200-day simple moving average of $26.71.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities research analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%. Mosaic’s dividend payout ratio (DPR) is currently 77.88%.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent analyst reports. CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Mizuho boosted their price target on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Piper Sandler upgraded Mosaic from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $26.00 to $30.00 in a research note on Monday. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Oppenheimer began coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and four 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 target price of $35.09.

About Mosaic

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.