New York Life Investment Management LLC Has $1.84 Million Stake in The Mosaic Company (NYSE:MOS)

New York Life Investment Management LLC cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 13.3% during the fourth quarter, Holdings Channel reports. The fund owned 51,465 shares of the basic materials company’s stock after selling 7,869 shares during the quarter. New York Life Investment Management LLC’s holdings in Mosaic were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MOS. Victory Capital Management Inc. boosted its holdings in shares of Mosaic by 28.8% during the 4th quarter. Victory Capital Management Inc. now owns 763,115 shares of the basic materials company’s stock worth $27,266,000 after buying an additional 170,668 shares during the period. Pekin Hardy Strauss Inc. grew its position in shares of Mosaic by 5.9% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 319,531 shares of the basic materials company’s stock valued at $11,417,000 after purchasing an additional 17,879 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Mosaic by 84.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 597,709 shares of the basic materials company’s stock worth $21,356,000 after purchasing an additional 273,590 shares during the period. Russell Investments Group Ltd. boosted its stake in Mosaic by 6.7% in the 4th quarter. Russell Investments Group Ltd. now owns 684,782 shares of the basic materials company’s stock valued at $24,468,000 after purchasing an additional 43,074 shares during the period. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Mosaic in the 4th quarter valued at $248,000. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MOS shares. The Goldman Sachs Group dropped their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Wolfe Research initiated coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 target price on the stock. Royal Bank of Canada dropped their price target on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday. Mizuho reduced their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Scotiabank dropped their price objective on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a report on Monday. 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.79.

Mosaic Stock Performance

NYSE MOS opened at $29.04 on Tuesday. The Mosaic Company has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The stock has a market cap of $9.34 billion, a PE ratio of 12.36 and a beta of 1.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The firm’s fifty day moving average price is $31.36 and its two-hundred day moving average price is $32.97.

Mosaic (NYSE:MOS) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. On average, equities analysts expect that The Mosaic Company will post 2.78 EPS for the current fiscal 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s payout ratio is 35.74%.

Mosaic Company 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.