Nisa Investment Advisors LLC Decreases Position in The Mosaic Company (NYSE:MOS)

Nisa Investment Advisors LLC trimmed its holdings in The Mosaic Company (NYSE:MOS) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,668 shares of the basic materials company’s stock after selling 13,639 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mosaic were worth $3,204,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AustralianSuper Pty Ltd grew its stake in shares of Mosaic by 23.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock worth $74,431,000 after acquiring an additional 391,191 shares in the last quarter. Oak Thistle LLC grew its stake in shares of Mosaic by 13.1% in the fourth quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock worth $1,434,000 after acquiring an additional 4,658 shares in the last quarter. GAM Holding AG grew its stake in shares of Mosaic by 17.0% in the fourth quarter. GAM Holding AG now owns 226,855 shares of the basic materials company’s stock worth $8,106,000 after acquiring an additional 32,982 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Mosaic by 80.0% in the third quarter. Natixis Advisors L.P. now owns 79,145 shares of the basic materials company’s stock worth $2,818,000 after acquiring an additional 35,180 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Mosaic by 192.7% in the third quarter. Bank of Nova Scotia now owns 121,861 shares of the basic materials company’s stock worth $4,338,000 after acquiring an additional 80,234 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

Shares of NYSE:MOS opened at $31.12 on Friday. The company has a 50-day simple moving average of $31.44 and a 200-day simple moving average of $33.60. The Mosaic Company has a one year low of $29.25 and a one year 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 stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 1.63 and a beta of 1.50.

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

Mosaic Announces Dividend

The firm 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 $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.70%. Mosaic’s payout ratio is 24.07%.

Analyst Ratings Changes

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

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.