Daiwa Securities Group Inc. Purchases 1,615 Shares of The Mosaic Company (NYSE:MOS)

Daiwa Securities Group Inc. lifted its position in shares of The Mosaic Company (NYSE:MOS) by 5.8% during the 4th quarter, HoldingsChannel reports. The fund owned 29,399 shares of the basic materials company’s stock after purchasing an additional 1,615 shares during the period. Daiwa Securities Group Inc.’s holdings in Mosaic were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Denali Advisors LLC boosted its stake in shares of Mosaic by 100.5% during 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 in the last quarter. Janiczek Wealth Management LLC boosted its position in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares during the period. Exchange Traded Concepts LLC grew its holdings in Mosaic by 526.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,289 shares during the last quarter. NBC Securities Inc. acquired a new position in Mosaic in the 3rd quarter valued at approximately $57,000. Finally, Planned Solutions Inc. acquired a new position in Mosaic in the 4th quarter valued at approximately $65,000. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price objective on the stock. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Wells Fargo & Company lifted their price objective on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price for the company in a research report on Thursday, February 22nd. Finally, Piper Sandler downgraded shares of Mosaic from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.27.

Mosaic Trading Up 0.3 %

NYSE:MOS opened at $30.49 on Thursday. The firm has a fifty day simple moving average of $31.52 and a two-hundred day simple moving average of $33.36. The Mosaic Company has a 12 month low of $29.25 and a 12 month high of $43.99. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.56 and a beta of 1.50. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued 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 during the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business’s quarterly revenue was down 29.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 earnings per share. Analysts expect that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Announces Dividend

The business 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. This represents a $0.84 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio is 24.07%.

About Mosaic

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.