Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in The Mosaic Company (NYSE:MOS)

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

A number of other institutional investors and hedge funds have also made changes to their positions in MOS. Truist Financial Corp grew its position in Mosaic by 39.9% during the second quarter. Truist Financial Corp now owns 14,553 shares of the basic materials company’s stock worth $421,000 after buying an additional 4,152 shares during the period. CWM LLC grew its holdings in shares of Mosaic by 41.2% in the 3rd quarter. CWM LLC now owns 16,738 shares of the basic materials company’s stock worth $448,000 after acquiring an additional 4,888 shares during the period. Exchange Traded Concepts LLC purchased a new position in Mosaic in the 3rd quarter valued at approximately $102,000. Creative Planning raised its holdings in Mosaic by 25.6% during the third quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock worth $824,000 after purchasing an additional 6,278 shares during the last quarter. Finally, Swedbank AB boosted its position in Mosaic by 2.3% during the third 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 in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOS has been the subject of a number of research analyst reports. Piper Sandler raised their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Mizuho lifted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley lowered their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 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 for the company. Finally, Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $33.80.

Mosaic Stock Down 1.8 %

Shares of NYSE:MOS opened at $26.94 on Wednesday. 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 firm has a market cap of $8.56 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.42 and a beta of 1.34. The stock’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $26.61. The Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (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 return on equity of 6.00% and a net margin of 3.24%. Mosaic’s revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. On average, research analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.27%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is 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.