Sumitomo Mitsui Trust Holdings Inc. Reduces Holdings in The Mosaic Company (NYSE:MOS)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in shares of The Mosaic Company (NYSE:MOS) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 966,950 shares of the basic materials company’s stock after selling 11,632 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Mosaic were worth $34,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System acquired a new stake in shares of Mosaic during the 4th quarter worth about $707,000. Simplicity Solutions LLC boosted its stake in shares of Mosaic by 9.1% during the 4th quarter. Simplicity Solutions LLC now owns 65,123 shares of the basic materials company’s stock worth $2,327,000 after purchasing an additional 5,417 shares during the last quarter. Sapient Capital LLC acquired a new stake in shares of Mosaic during the 4th quarter worth about $2,300,000. Janiczek Wealth Management LLC boosted its stake in shares of Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Mosaic during the 4th quarter worth about $207,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Trading Up 1.7 %

MOS opened at $31.00 on Friday. The firm has a market capitalization of $9.97 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.55 and a beta of 1.50. The firm’s 50 day moving average is $31.48 and its 200-day moving average is $33.43. The Mosaic Company has a 52-week low of $29.25 and a 52-week high of $45.33. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The company had revenue of $3.15 billion during 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 firm’s quarterly revenue was down 29.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 EPS. Analysts expect that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared 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. 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 presently 24.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. 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. The Goldman Sachs Group decreased their target price on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, Mizuho cut shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.