The Mosaic Company (NYSE:MOS) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of The Mosaic Company (NYSE:MOS) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,330 shares of the basic materials company’s stock after acquiring an additional 19,238 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mosaic were worth $3,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Denali Advisors LLC raised its stake in Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares during the period. Clear Street Markets LLC increased 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 purchasing an additional 324 shares during the period. High Net Worth Advisory Group LLC acquired a new stake in shares of Mosaic in the first quarter valued at approximately $33,000. First Command Bank increased its stake in shares of Mosaic by 60.1% in the second quarter. First Command Bank now owns 866 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 325 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of Mosaic in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MOS. Wolfe Research began coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price target on the stock. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average price target of $40.27.

Mosaic Trading Down 1.8 %

Shares of NYSE:MOS opened at $30.41 on Wednesday. The stock has a market capitalization 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 Mosaic Company has a 1-year low of $29.25 and a 1-year high of $47.58. 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 50 day moving average price of $31.46 and a 200 day moving average price of $33.54.

Mosaic (NYSE:MOS) last issued 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). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s quarterly revenue was down 29.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 earnings per share. On average, research analysts anticipate that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, June 6th. Mosaic’s payout ratio is 24.07%.

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.