Sawtooth Solutions LLC Trims Position in The Mosaic Company (NYSE:MOS)

Sawtooth Solutions LLC lessened its stake in The Mosaic Company (NYSE:MOSGet Rating) by 57.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,069 shares of the basic materials company’s stock after selling 30,187 shares during the period. Sawtooth Solutions LLC’s holdings in Mosaic were worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MOS. Rafferty Asset Management LLC purchased a new position in Mosaic in the 4th quarter worth about $806,000. Pictet Asset Management SA increased its position in Mosaic by 2.8% during the 4th quarter. Pictet Asset Management SA now owns 173,802 shares of the basic materials company’s stock valued at $6,829,000 after purchasing an additional 4,739 shares during the period. Confluence Wealth Services Inc. purchased a new position in Mosaic during the 4th quarter valued at about $31,000. JPMorgan Chase & Co. increased its position in Mosaic by 19.5% during the 4th quarter. JPMorgan Chase & Co. now owns 551,955 shares of the basic materials company’s stock valued at $21,686,000 after purchasing an additional 90,100 shares during the period. Finally, Rhumbline Advisers increased its position in Mosaic by 6.3% during the 4th quarter. Rhumbline Advisers now owns 622,168 shares of the basic materials company’s stock valued at $24,445,000 after purchasing an additional 36,619 shares during the period. Hedge funds and other institutional investors own 82.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MOS shares. Barclays cut their target price on shares of Mosaic from $59.00 to $52.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 10th. Credit Suisse Group started coverage on shares of Mosaic in a research report on Thursday, July 14th. They set an “outperform” rating and a $60.00 target price on the stock. Piper Sandler raised their target price on shares of Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Mosaic currently has an average rating of “Moderate Buy” and a consensus price target of $65.69.

Mosaic Stock Up 2.5 %

MOS stock opened at $53.90 on Thursday. The firm has a 50 day moving average of $52.31 and a 200 day moving average of $57.79. The stock has a market capitalization of $19.51 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.58. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The Mosaic Company has a 52 week low of $31.47 and a 52 week high of $79.28.

Mosaic (NYSE:MOSGet Rating) last released its earnings results on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.29). The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.62 billion. Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The firm’s revenue for the quarter was up 91.8% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 13.62 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 31st. Mosaic’s dividend payout ratio (DPR) is presently 6.84%.

Mosaic announced that its board has approved a share repurchase program on Monday, August 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Mosaic Profile

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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.

Further Reading

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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