R Squared Ltd Invests $33,000 in The Mosaic Company (NYSE:MOS)

R Squared Ltd bought a new position in The Mosaic Company (NYSE:MOS) during the 4th quarter, Holdings Channel reports. The fund bought 1,340 shares of the basic materials company’s stock, valued at approximately $33,000.

Other large investors also recently modified their holdings of the company. Creative Planning boosted its position in Mosaic by 46.5% during the 2nd quarter. Creative Planning now owns 24,487 shares of the basic materials company’s stock valued at $708,000 after acquiring an additional 7,772 shares in the last quarter. Truist Financial Corp boosted its position in Mosaic by 39.9% during the 2nd quarter. Truist Financial Corp now owns 14,553 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 4,152 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Mosaic during the 2nd quarter valued at approximately $1,419,000. Czech National Bank boosted its position in Mosaic by 6.0% during the 3rd quarter. Czech National Bank now owns 64,909 shares of the basic materials company’s stock valued at $1,738,000 after acquiring an additional 3,664 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Mosaic by 41.8% during the 3rd quarter. SG Americas Securities LLC now owns 121,307 shares of the basic materials company’s stock valued at $3,249,000 after acquiring an additional 35,789 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Piper Sandler boosted their target price on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Mizuho boosted their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. Finally, Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $30.00 to $27.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.80.

Mosaic Trading Down 3.0 %

NYSE MOS opened at $27.07 on Tuesday. The company has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $26.69. The stock has a market cap of $8.60 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.49 and a beta of 1.34. The Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the business earned $0.68 EPS. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.25%. Mosaic’s payout ratio is presently 74.34%.

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.