Boston Partners Sells 564,918 Shares of The Mosaic Company $MOS

Boston Partners cut its stake in shares of The Mosaic Company (NYSE:MOS) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,414,462 shares of the basic materials company’s stock after selling 564,918 shares during the quarter. Boston Partners owned 2.34% of Mosaic worth $270,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Mosaic by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company’s stock valued at $310,549,000 after purchasing an additional 456,327 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Mosaic by 100.9% in the second quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock worth $138,867,000 after buying an additional 1,912,064 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Mosaic by 6.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company’s stock valued at $97,113,000 after buying an additional 226,856 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Mosaic during the 1st quarter valued at $54,953,000. Finally, Truist Financial Corp boosted its position in Mosaic by 13,275.9% during the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock valued at $73,793,000 after buying an additional 2,007,717 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Mosaic in a research report on Tuesday. They issued an “equal weight” rating and a $28.00 price objective on the stock. Wall Street Zen downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Barclays lowered their price target on Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. Finally, UBS Group decreased their target price on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $34.00.

Mosaic Trading Down 0.6%

MOS opened at $25.73 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The stock has a market cap of $8.17 billion, a PE ratio of 8.72, a PEG ratio of 0.94 and a beta of 1.00. The business has a 50 day moving average of $31.42 and a 200-day moving average of $33.49.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. Equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s dividend payout ratio (DPR) is 22.80%.

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.