Marco Investment Management LLC Decreases Stake in The Mosaic Company (NYSE:MOS)

Marco Investment Management LLC decreased its position in The Mosaic Company (NYSE:MOS) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,150 shares of the basic materials company’s stock after selling 3,200 shares during the period. Marco Investment Management LLC’s holdings in Mosaic were worth $2,078,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Denali Advisors LLC grew its position in shares of Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 414 shares during the period. Janiczek Wealth Management LLC boosted its holdings in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after buying an additional 1,289 shares during the period. NBC Securities Inc. bought a new position in Mosaic in the 3rd quarter worth approximately $57,000. Finally, Planned Solutions Inc. bought a new position in Mosaic in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a report on Thursday, February 22nd. The Goldman Sachs Group decreased their target price on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. Wells Fargo & Company upped their price objective on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Finally, TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $40.27.

Mosaic Price Performance

MOS traded down $0.03 during trading on Friday, hitting $30.25. 2,670,272 shares of the company traded hands, compared to its average volume of 3,632,738. The company has a market cap of $9.73 billion, a PE ratio of 8.67, a P/E/G ratio of 1.55 and a beta of 1.50. The stock’s 50-day simple moving average is $31.52 and its two-hundred day simple moving average is $33.28. The Mosaic Company has a 1 year low of $29.25 and a 1 year high of $43.99. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS 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 business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The business’s quarterly revenue was down 29.7% on a year-over-year basis. As a group, sell-side 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 paid a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.78%. Mosaic’s payout ratio is currently 24.07%.

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.