Sequoia Financial Advisors LLC Takes Position in The Mosaic Company (NYSE:MOS)

Sequoia Financial Advisors LLC bought a new position in The Mosaic Company (NYSE:MOS) in the 4th quarter, Holdings Channel.com reports. The firm bought 5,783 shares of the basic materials company’s stock, valued at approximately $207,000.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Mosaic by 0.5% in the 1st quarter. State Street Corp now owns 17,316,083 shares of the basic materials company’s stock worth $794,460,000 after purchasing an additional 81,245 shares in the last quarter. Invesco Ltd. boosted its stake in Mosaic by 3.2% in the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after buying an additional 268,966 shares in the last quarter. Geode Capital Management LLC grew its position in Mosaic by 2.3% during the first quarter. Geode Capital Management LLC now owns 7,230,422 shares of the basic materials company’s stock valued at $332,410,000 after acquiring an additional 160,329 shares during the last quarter. Capital International Investors purchased a new position in shares of Mosaic during the first quarter worth approximately $412,663,000. Finally, Northern Trust Corp lifted its holdings in shares of Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after acquiring an additional 424,063 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

MOS has been the topic of a number of analyst reports. Wolfe Research started coverage on shares of Mosaic in a research report on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price on the stock. The Goldman Sachs Group decreased their price objective on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Piper Sandler lowered Mosaic from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their price objective on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. 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 company’s stock. According to data from MarketBeat, Mosaic has a consensus rating of “Hold” and an average price target of $40.27.

Mosaic Stock Performance

NYSE:MOS opened at $31.00 on Friday. 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 firm’s fifty day simple moving average is $31.48 and its 200 day simple moving average is $33.43. The stock has a market cap of $9.97 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.55 and a beta of 1.50. The Mosaic Company has a twelve month low of $29.25 and a twelve month high of $45.33.

Mosaic (NYSE:MOS) last announced 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 net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $1.74 EPS. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. As a group, research analysts predict that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.71%. Mosaic’s dividend payout ratio (DPR) is 24.07%.

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.