DekaBank Deutsche Girozentrale Acquires 20,844 Shares of The Mosaic Company (NYSE:MOS)

DekaBank Deutsche Girozentrale raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 27.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 96,281 shares of the basic materials company’s stock after buying an additional 20,844 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Mosaic were worth $3,436,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. High Net Worth Advisory Group LLC bought a new position in shares of Mosaic in the first quarter valued at $33,000. Clear Street Markets LLC grew its stake in shares of Mosaic by 93.9% in the first quarter. Clear Street Markets LLC now owns 669 shares of the basic materials company’s stock valued at $31,000 after buying an additional 324 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Mosaic in the first quarter valued at $44,000. Carolinas Wealth Consulting LLC grew its stake in shares of Mosaic by 3,186.4% in the first quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company’s stock valued at $48,000 after buying an additional 701 shares in the last quarter. Finally, Denali Advisors LLC grew its stake in shares of Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after buying an additional 414 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Wolfe Research assumed coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price for the company. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Mizuho downgraded Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Finally, Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $40.27.

Mosaic Stock Down 3.0 %

MOS opened at $31.12 on Friday. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $48.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The company has a market capitalization of $10.01 billion, a P/E ratio of 8.92, a P/E/G ratio of 1.63 and a beta of 1.50. The stock has a fifty day moving average of $31.44 and a 200-day moving average of $33.60.

Mosaic (NYSE:MOS) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business posted $1.74 EPS. The firm’s quarterly revenue was down 29.7% compared to the same quarter last year. On average, equities analysts expect that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is currently 24.07%.

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.