The Mosaic Company (NYSE:MOS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in The Mosaic Company (NYSE:MOS) by 32.8% during the fourth quarter, HoldingsChannel reports. The firm owned 28,093 shares of the basic materials company’s stock after selling 13,735 shares during the period. Vontobel Holding Ltd.’s holdings in Mosaic were worth $1,004,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MOS. Capital International Investors purchased a new position in shares of Mosaic in the first quarter worth approximately $412,663,000. Wellington Management Group LLP grew its position in Mosaic by 910.9% during the 1st quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock worth $296,052,000 after purchasing an additional 4,011,530 shares in the last quarter. Norges Bank purchased a new position in Mosaic during the 4th quarter worth approximately $128,142,000. Bank of America Corp DE grew its position in Mosaic by 38.1% during the 1st quarter. Bank of America Corp DE now owns 5,687,831 shares of the basic materials company’s stock worth $260,958,000 after purchasing an additional 1,570,465 shares in the last quarter. Finally, Barclays PLC grew its position in Mosaic by 136.6% during the 2nd quarter. Barclays PLC now owns 2,574,540 shares of the basic materials company’s stock worth $90,108,000 after purchasing an additional 1,486,229 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Mizuho downgraded Mosaic from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Wolfe Research assumed coverage on shares of Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday, February 22nd. Finally, Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.27.

Mosaic Stock Up 1.7 %

Mosaic stock opened at $31.00 on Friday. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 1.55 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $45.33. The firm has a fifty day moving average price of $31.48 and a two-hundred day moving average price of $33.43.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share 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 business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm posted $1.74 EPS. Mosaic’s revenue for the quarter was down 29.7% on a year-over-year basis. As a group, analysts forecast that The Mosaic Company will post 2.81 earnings per share 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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s payout ratio is currently 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.