Mutual of America Capital Management LLC Lowers Stake in The Mosaic Company (NYSE:MOS)

Mutual of America Capital Management LLC decreased its position in shares of The Mosaic Company (NYSE:MOS) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 43,783 shares of the basic materials company’s stock after selling 2,754 shares during the period. Mutual of America Capital Management LLC’s holdings in Mosaic were worth $1,564,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. High Net Worth Advisory Group LLC purchased a new position in shares of Mosaic during the 1st quarter worth $33,000. Clear Street Markets LLC lifted its position in Mosaic by 93.9% during the first quarter. Clear Street Markets LLC now owns 669 shares of the basic materials company’s stock worth $31,000 after buying an additional 324 shares during the period. Penserra Capital Management LLC purchased a new position in Mosaic during the first quarter worth about $44,000. Carolinas Wealth Consulting LLC boosted its stake in Mosaic by 3,186.4% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company’s stock worth $48,000 after buying an additional 701 shares during the last quarter. Finally, Denali Advisors LLC grew its holdings in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $31.00 on Monday. The firm has a market capitalization of $9.97 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50. The Mosaic Company has a one year low of $29.25 and a one year high of $45.33. The stock’s 50 day moving average price is $31.48 and its 200 day moving average price is $33.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22.

Mosaic (NYSE:MOS) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 earnings per share. As a group, sell-side analysts expect that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price objective for the company in a report on Thursday, February 22nd. Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and reduced their target price for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Finally, Wolfe Research started coverage on Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.27.

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.