Lake Hills Wealth Management LLC Makes New Investment in The Mosaic Company (NYSE:MOS)

Lake Hills Wealth Management LLC acquired a new stake in The Mosaic Company (NYSE:MOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,972 shares of the basic materials company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group increased its holdings in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the period. Larson Financial Group LLC boosted its position in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,809 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Mosaic in the second quarter valued at about $49,000. Blue Trust Inc. raised its position in Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 570 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler raised 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 report on Monday, January 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $30.00 to $27.00 in a research note on Tuesday. Morgan Stanley dropped their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Oppenheimer assumed coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued 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 three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.82.

Mosaic Stock Up 2.6 %

Shares of NYSE:MOS opened at $27.82 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.46 and a beta of 1.34. The company has a 50 day moving average of $25.69 and a 200-day moving average of $26.70. The Mosaic Company has a one year low of $23.56 and a one year 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 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 net margin of 3.24% and a return on equity of 6.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. On average, sell-side analysts forecast that The Mosaic Company will post 2.05 earnings per share for the current year.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, March 6th. Mosaic’s payout ratio is currently 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.