Stratos Wealth Partners LTD. Sells 873 Shares of The Mosaic Company (NYSE:MOS)

Stratos Wealth Partners LTD. decreased its position in shares of The Mosaic Company (NYSE:MOS) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,702 shares of the basic materials company’s stock after selling 873 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Mosaic were worth $204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in Mosaic by 5.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,325 shares of the basic materials company’s stock valued at $204,000 after purchasing an additional 221 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in Mosaic by 2.5% during the fourth quarter. Meixler Investment Management Ltd. now owns 9,643 shares of the basic materials company’s stock valued at $423,000 after purchasing an additional 238 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Mosaic by 2.7% during the second quarter. Kestra Advisory Services LLC now owns 9,841 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 260 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Mosaic by 0.5% during the fourth quarter. Advisors Asset Management Inc. now owns 56,759 shares of the basic materials company’s stock valued at $2,490,000 after purchasing an additional 295 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in Mosaic by 9.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 3,485 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent research reports. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Wolfe Research began coverage on Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective on the stock. The Goldman Sachs Group decreased their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a research note 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $40.27.

Mosaic Trading Down 1.8 %

Shares of NYSE:MOS opened at $30.41 on Wednesday. The Mosaic Company has a 52-week low of $29.25 and a 52-week high of $47.58. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.58 and a beta of 1.50. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $31.46 and a 200-day moving average price of $33.54.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was down 29.7% compared to the same quarter last year. Equities analysts predict that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is 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.