The Mosaic Company (NYSE:MOS) Position Trimmed by Sicart Associates LLC

Sicart Associates LLC lowered its position in The Mosaic Company (NYSE:MOS) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,137 shares of the basic materials company’s stock after selling 8,990 shares during the quarter. Sicart Associates LLC’s holdings in Mosaic were worth $2,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its stake in Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 354 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 382 shares in the last quarter. CVA Family Office LLC grew its stake in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Mosaic by 5.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock valued at $235,000 after buying an additional 426 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Mosaic by 5.8% during the third quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 517 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MOS. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Mizuho upped their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Oppenheimer initiated coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. Finally, Piper Sandler upgraded shares of Mosaic from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $26.00 to $30.00 in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $35.09.

Mosaic Stock Down 1.1 %

Shares of NYSE:MOS opened at $26.73 on Friday. 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 quick ratio of 0.49 and a current ratio of 1.19. The company has a market capitalization of $8.49 billion, a PE ratio of 23.65, a PEG ratio of 1.36 and a beta of 1.34. The company has a 50 day moving average price of $25.66 and a two-hundred day moving average price of $26.72.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. Analysts forecast that The Mosaic Company will post 2.06 earnings per share for the current year.

Mosaic Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.29%. 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. Mosaic’s dividend payout ratio is presently 74.34%.

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.