International Assets Investment Management LLC Increases Position in The Mosaic Company (NYSE:MOS)

International Assets Investment Management LLC raised its position in The Mosaic Company (NYSE:MOS) by 3,212.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,200 shares of the basic materials company’s stock after purchasing an additional 232,949 shares during the period. International Assets Investment Management LLC owned 0.07% of Mosaic worth $8,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Denali Advisors LLC grew its position in shares of Mosaic by 100.5% in the 4th 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 during the last quarter. Clear Street Markets LLC grew its position in shares of Mosaic by 93.9% in the 1st 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 during the last quarter. High Net Worth Advisory Group LLC purchased a new position in shares of Mosaic in the 1st quarter valued at $33,000. First Command Bank grew its position in shares of Mosaic by 60.1% in the 2nd quarter. First Command Bank now owns 866 shares of the basic materials company’s stock valued at $41,000 after buying an additional 325 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Mosaic in the 1st quarter valued at $44,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 3.0 %

MOS stock opened at $31.12 on Friday. The Mosaic Company has a one year low of $29.25 and a one year high of $48.92. The stock has a market capitalization of $10.01 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.63 and a beta of 1.50. 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 fifty day moving average of $31.44 and a 200-day moving average of $33.59.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $1.74 EPS. The firm’s revenue for the quarter was down 29.7% on a year-over-year basis. As a group, analysts expect that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is 24.07%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MOS. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research report on Thursday, February 22nd. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $42.00 to $32.00 in a research note on Thursday, February 29th. Wells Fargo & Company increased their price target 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. The Goldman Sachs Group decreased their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, Mizuho cut shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $34.00 in a research note on Wednesday, January 24th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.27.

Mosaic 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.