Seven Eight Capital LP Makes New Investment in The Mosaic Company (NYSE:MOS)

Seven Eight Capital LP acquired a new position in shares of The Mosaic Company (NYSE:MOSFree Report) during the 4th quarter, Holdings Channel reports. The fund acquired 53,921 shares of the basic materials company’s stock, valued at approximately $1,927,000.

Other large investors also recently added to or reduced their stakes in the company. Denali Advisors LLC increased its stake in Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares during the last quarter. Janiczek Wealth Management LLC boosted its position in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after buying an additional 318 shares during the period. Planned Solutions Inc. purchased a new position in shares of Mosaic during the fourth quarter valued at approximately $65,000. CVA Family Office LLC purchased a new position in shares of Mosaic during the fourth quarter valued at approximately $79,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Mosaic by 14.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock valued at $92,000 after buying an additional 327 shares during the period. 77.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MOS shares. Wells Fargo & Company boosted their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Scotiabank lowered their price target on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a report on Monday, May 6th. Wolfe Research assumed coverage on Mosaic in a report on Friday, March 1st. They issued an “outperform” rating and a $39.00 price target for the company. Piper Sandler lowered their price target on Mosaic from $32.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Finally, Barclays lowered their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Two research 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 MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $38.36.

Read Our Latest Stock Analysis on Mosaic

Mosaic Stock Down 2.7 %

Mosaic stock traded down $0.78 during mid-day trading on Friday, reaching $28.28. 3,839,442 shares of the company were exchanged, compared to its average volume of 3,515,289. The business has a fifty day moving average of $30.66 and a 200 day moving average of $32.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The firm has a market cap of $9.10 billion, a P/E ratio of 12.03, a PEG ratio of 1.57 and a beta of 1.45. The Mosaic Company has a 12-month low of $27.83 and a 12-month high of $42.81.

Mosaic (NYSE:MOSGet Free Report) last issued 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). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. Research analysts anticipate that The Mosaic Company will post 2.64 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

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

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.

Further Reading

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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