Convergence Investment Partners LLC Lowers Stock Position in The Mosaic Company $MOS

Convergence Investment Partners LLC cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 39.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,231 shares of the basic materials company’s stock after selling 24,155 shares during the quarter. Convergence Investment Partners LLC’s holdings in Mosaic were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MOS. Geneos Wealth Management Inc. grew its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Mosaic in the 2nd quarter valued at $31,000. MUFG Securities EMEA plc purchased a new position in Mosaic in the 2nd quarter valued at $34,000. Torren Management LLC purchased a new position in Mosaic in the 4th quarter valued at $35,000. Finally, Smartleaf Asset Management LLC grew its position in Mosaic by 57.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 415 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MOS shares. Royal Bank Of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Wednesday. Freedom Capital lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Morgan Stanley lowered their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Berenberg Bank lowered their price objective on shares of Mosaic from $38.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday, May 5th. Finally, Wolfe Research lowered their price objective on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Mosaic Price Performance

Shares of NYSE MOS opened at $21.76 on Friday. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 167.36, a PEG ratio of 1.72 and a beta of 0.79. The Mosaic Company has a 52 week low of $21.17 and a 52 week high of $38.23. The company’s 50-day moving average price is $25.05 and its 200 day moving average price is $25.89. The company has a current ratio of 1.25, a quick ratio of 0.47 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. Mosaic’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, research analysts forecast that The Mosaic Company will post 1.25 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio is presently 676.92%.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.