The Mosaic Company (NYSE:MOS) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario lowered its position in shares of The Mosaic Company (NYSE:MOS) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,862 shares of the basic materials company’s stock after selling 1,800 shares during the quarter. Investment Management Corp of Ontario’s holdings in Mosaic were worth $218,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. R Squared Ltd purchased a new position in Mosaic during the fourth quarter worth approximately $33,000. Tobam purchased a new position in Mosaic during the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic during the fourth quarter worth approximately $41,000. Finally, Ethos Financial Group LLC purchased a new position in Mosaic during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOS shares. CIBC increased their price target on shares of Mosaic from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Wells Fargo & Company increased their price target on shares of Mosaic from $28.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday. Piper Sandler reaffirmed a “neutral” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Mizuho cut their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, Scotiabank raised their target price on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Mosaic Stock Performance

Mosaic stock opened at $34.22 on Wednesday. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $34.42. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm’s fifty day moving average price is $27.30 and its 200 day moving average price is $26.58.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 75.86%.

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.