8,884 Shares in The Mosaic Company (NYSE:MOS) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,884 shares of the basic materials company’s stock, valued at approximately $317,000.

Several other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. grew its position in Mosaic by 3.2% during the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after buying an additional 268,966 shares in the last quarter. Northern Trust Corp raised its position in Mosaic by 7.5% during the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after purchasing an additional 424,063 shares during the last quarter. Pacer Advisors Inc. raised its position in Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock valued at $136,641,000 after purchasing an additional 186,337 shares during the last quarter. Deutsche Bank AG raised its position in Mosaic by 3.6% during the 3rd quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock valued at $109,042,000 after purchasing an additional 107,011 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Mosaic by 1.0% during the 3rd quarter. FMR LLC now owns 2,550,619 shares of the basic materials company’s stock worth $90,802,000 after acquiring an additional 24,420 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

NYSE:MOS traded down $0.05 during mid-day trading on Friday, reaching $30.23. 2,670,272 shares of the stock were exchanged, compared to its average volume of 4,833,420. The company has a 50 day simple moving average of $31.53 and a 200-day simple moving average of $33.34. The stock has a market capitalization of $9.72 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.56 and a beta of 1.50. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 1 year low of $29.25 and a 1 year high of $43.99.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $1.74 earnings per share. The firm’s revenue was down 29.7% compared to the same quarter last year. Analysts anticipate that The Mosaic Company will post 2.79 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, June 6th. Mosaic’s payout ratio is 24.07%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOS. Wolfe Research started coverage on Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price for the company in a report on Thursday, February 22nd. The Goldman Sachs Group cut their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Two equities research 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. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus price target of $40.27.

About Mosaic

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.