The Mosaic Company (NYSE:MOS) Stock Holdings Reduced by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 545,156 shares of the basic materials company’s stock after selling 58,451 shares during the quarter. Federated Hermes Inc.’s holdings in Mosaic were worth $19,478,000 at the end of the most recent reporting period.

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

Mosaic Trading Up 1.7 %

Shares of Mosaic stock opened at $31.00 on Monday. The Mosaic Company has a 12-month low of $29.25 and a 12-month high of $45.33. The stock has a market capitalization of $9.97 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50. The company has a 50-day simple moving average of $31.48 and a 200 day simple moving average of $33.43. 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 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). 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 business’s quarterly revenue was down 29.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS. Research analysts expect that The Mosaic Company will post 2.81 earnings per share for the current fiscal year.

Mosaic Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on MOS shares. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group reduced their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Wolfe Research began coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective for the company. Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. Finally, Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.