GAMMA Investing LLC Invests $105,000 in The Mosaic Company (NYSE:MOS)

GAMMA Investing LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,937 shares of the basic materials company’s stock, valued at approximately $105,000.

Several other hedge funds have also recently added to or reduced their stakes in MOS. SG Americas Securities LLC raised its stake in Mosaic by 95.0% in the 3rd quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock valued at $1,504,000 after purchasing an additional 20,585 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 1,289 shares during the last quarter. Czech National Bank raised its stake in Mosaic by 47.9% in the 3rd quarter. Czech National Bank now owns 58,186 shares of the basic materials company’s stock valued at $2,071,000 after purchasing an additional 18,848 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Mosaic by 16.7% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 36,789 shares of the basic materials company’s stock valued at $1,310,000 after purchasing an additional 5,255 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Mosaic by 29.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company’s stock valued at $3,360,000 after purchasing an additional 21,706 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOS has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Piper Sandler downgraded 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 research note on Thursday, February 29th. Wells Fargo & Company raised their target price on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Finally, Wolfe Research initiated coverage on Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus target price of $40.27.

Mosaic Stock Performance

NYSE MOS opened at $30.25 on Monday. The stock has a market cap of $9.73 billion, a PE ratio of 8.67, a P/E/G ratio of 1.55 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. The Mosaic Company has a twelve month low of $29.25 and a twelve month high of $43.99. The stock has a fifty day simple moving average of $31.52 and a 200-day simple moving average of $33.26.

Mosaic (NYSE:MOS) last announced 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). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the business earned $1.74 earnings per share. The business’s revenue was down 29.7% compared to the same quarter last year. Equities analysts anticipate that The Mosaic Company will post 2.79 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is 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.