The Mosaic Company (NYSE:MOS) Shares Sold by Paradiem LLC

Paradiem LLC decreased its position in shares of The Mosaic Company (NYSE:MOS) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,855 shares of the basic materials company’s stock after selling 25,480 shares during the period. Paradiem LLC’s holdings in Mosaic were worth $2,246,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MOS. Denali Advisors LLC lifted its stake in Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the period. Exchange Traded Concepts LLC increased its holdings in Mosaic by 526.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares during the period. NBC Securities Inc. purchased a new stake in Mosaic during the 3rd quarter worth about $57,000. Finally, Planned Solutions Inc. purchased a new stake in Mosaic during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a report on Thursday, February 22nd. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. Wells Fargo & Company increased their price objective on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Finally, Wolfe Research began coverage on Mosaic in a report on Friday, March 1st. They issued an “outperform” rating and a $39.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.27.

Mosaic Stock Performance

NYSE:MOS traded down $0.03 during mid-day trading on Friday, reaching $30.25. 2,670,272 shares of the stock were exchanged, compared to its average volume of 3,632,738. The company has a 50 day simple moving average of $31.52 and a 200-day simple moving average of $33.28. The stock has a market capitalization of $9.73 billion, a P/E ratio of 8.67, a P/E/G ratio of 1.55 and a beta of 1.50. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 1 year low of $29.25 and a 1 year high of $43.99.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. Analysts anticipate that The Mosaic Company will post 2.79 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.78%. Mosaic’s dividend payout ratio is presently 24.07%.

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.