abrdn plc Reduces Position in The Mosaic Company (NYSE:MOS)

abrdn plc reduced its position in shares of The Mosaic Company (NYSE:MOS) by 14.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 403,033 shares of the basic materials company’s stock after selling 69,548 shares during the period. abrdn plc’s holdings in Mosaic were worth $14,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd lifted its holdings in Mosaic by 23.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock worth $74,431,000 after buying an additional 391,191 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Mosaic by 3,212.6% during the fourth quarter. International Assets Investment Management LLC now owns 240,200 shares of the basic materials company’s stock worth $8,582,000 after purchasing an additional 232,949 shares during the last quarter. Sapient Capital LLC acquired a new position in Mosaic in the fourth quarter valued at approximately $2,300,000. Oak Thistle LLC increased its stake in Mosaic by 13.1% in the fourth quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock valued at $1,434,000 after purchasing an additional 4,658 shares during the last quarter. Finally, First American Trust FSB acquired a new stake in Mosaic during the fourth quarter worth approximately $2,613,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wolfe Research started coverage on shares of Mosaic in a report on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price for the company. The Goldman Sachs Group decreased their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Wells Fargo & Company boosted their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. Two 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.27.

Mosaic Stock Up 0.3 %

Shares of Mosaic stock opened at $30.49 on Thursday. The Mosaic Company has a one year low of $29.25 and a one year high of $43.99. The company has a market cap of $9.81 billion, a P/E ratio of 8.74, a PEG ratio of 1.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The firm has a fifty day moving average of $31.52 and a two-hundred day moving average of $33.36.

Mosaic (NYSE:MOS) last posted 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 return on equity of 9.69% and a net margin of 8.51%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. On average, analysts forecast that The Mosaic Company will post 2.79 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is currently 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.