SVB Wealth LLC Acquires Shares of 8,266 The Mosaic Company (NYSE:MOS)

SVB Wealth LLC acquired a new stake in The Mosaic Company (NYSE:MOS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,266 shares of the basic materials company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Denali Advisors LLC raised its holdings in Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Janiczek Wealth Management LLC raised its holdings in Mosaic by 28.0% in the fourth 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 period. Exchange Traded Concepts LLC raised its holdings in Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares during the period. NBC Securities Inc. acquired a new stake in Mosaic in the third quarter worth $57,000. Finally, Planned Solutions Inc. acquired a new stake in Mosaic in the fourth quarter worth $65,000. 77.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MOS. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. Scotiabank upgraded 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 report on Thursday, February 22nd. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Wells Fargo & Company raised their price objective on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Finally, Mizuho lowered shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. Two equities research 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, Mosaic currently has an average rating of “Hold” and a consensus target price of $40.27.

Mosaic Stock Down 0.9 %

Shares of MOS stock opened at $30.73 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 1 year low of $29.25 and a 1 year high of $44.44. The firm’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $33.41. The firm has a market capitalization of $9.89 billion, a P/E ratio of 8.81, a PEG ratio of 1.58 and a beta of 1.50.

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 the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The firm’s quarterly revenue was down 29.7% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Thursday, June 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is presently 24.07%.

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.