Royal London Asset Management Ltd. Cuts Position in The Mosaic Company (NYSE:MOS)

Royal London Asset Management Ltd. decreased its stake in The Mosaic Company (NYSE:MOSFree Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,391 shares of the basic materials company’s stock after selling 1,263 shares during the quarter. Royal London Asset Management Ltd. owned about 0.06% of Mosaic worth $6,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MOS. Oppenheimer & Co. Inc. boosted its holdings in shares of Mosaic by 18.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,273 shares of the basic materials company’s stock worth $544,000 after purchasing an additional 2,429 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Mosaic by 57.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 11,507 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 4,202 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Mosaic in the 3rd quarter worth approximately $637,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mosaic by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,914,799 shares of the basic materials company’s stock worth $68,167,000 after purchasing an additional 65,614 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Mosaic by 20.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 47,846 shares of the basic materials company’s stock worth $1,703,000 after purchasing an additional 8,056 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 2.7 %

Shares of NYSE:MOS opened at $28.28 on Friday. The Mosaic Company has a 12-month low of $27.83 and a 12-month high of $42.81. The business’s fifty day simple moving average is $30.66 and its 200-day simple moving average is $32.32. The company has a market capitalization of $9.10 billion, a PE ratio of 12.03, a P/E/G ratio of 1.53 and a beta of 1.45. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOSGet Free Report) last announced its quarterly 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). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The company’s revenue was down 25.7% compared to the same quarter last year. As a group, equities research analysts predict that The Mosaic Company will post 2.64 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.97%. Mosaic’s dividend payout ratio is presently 35.74%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MOS. Wolfe Research began coverage on Mosaic in a research note on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. Barclays decreased their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Scotiabank decreased their price target on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research note on Monday, May 6th. Piper Sandler decreased their target price on Mosaic from $32.00 to $29.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada decreased their target price on Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Two 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. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus target price of $38.36.

Get Our Latest Report on MOS

Mosaic Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.