The Mosaic Company (NYSE:MOS) Stake Lessened by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC trimmed its stake in shares of The Mosaic Company (NYSE:MOS) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,658 shares of the basic materials company’s stock after selling 1,629 shares during the quarter. Recurrent Investment Advisors LLC’s holdings in Mosaic were worth $582,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Intellectus Partners LLC raised its holdings in shares of Mosaic by 3.3% in the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock valued at $304,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System grew its holdings in Mosaic by 0.5% during the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after acquiring an additional 471 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 570 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its position in shares of Mosaic by 7.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 592 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 1.8%

MOS stock opened at $33.60 on Thursday. The stock’s 50 day simple moving average is $27.66 and its 200 day simple moving average is $26.68. The company has a market cap of $10.65 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. 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 Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $34.42.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. On average, research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.62%. Mosaic’s payout ratio is 75.86%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler reiterated a “neutral” rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. StockNews.com upgraded Mosaic from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group increased their target price on Mosaic from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Barclays restated an “overweight” rating and set a $40.00 target price (up from $33.00) on shares of Mosaic in a research report on Wednesday. Finally, BNP Paribas upgraded shares of Mosaic to a “strong-buy” rating in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.58.

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.