LSV Asset Management Sells 152,700 Shares of The Mosaic Company (NYSE:MOS)

LSV Asset Management decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,525,330 shares of the basic materials company’s stock after selling 152,700 shares during the quarter. LSV Asset Management’s holdings in Mosaic were worth $90,230,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MOS. Denali Advisors LLC grew its stake in shares of 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 purchasing an additional 414 shares during the period. Janiczek Wealth Management LLC boosted its holdings in Mosaic by 28.0% during the fourth 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 last quarter. Exchange Traded Concepts LLC grew its position in shares of Mosaic by 526.1% during 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 stake in shares of Mosaic in the 3rd quarter valued at about $57,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Mosaic in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 1.0 %

NYSE:MOS traded up $0.27 during trading hours on Friday, reaching $28.68. 5,229,141 shares of the stock were exchanged, compared to its average volume of 4,586,717. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.57. The Mosaic Company has a twelve month low of $27.83 and a twelve month high of $42.81. The stock has a market cap of $9.23 billion, a PE ratio of 12.20, a PEG ratio of 1.47 and a beta of 1.51. The firm has a 50 day moving average of $31.41 and a 200 day moving average of $33.05.

Mosaic (NYSE:MOS) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the business posted $1.14 EPS. The firm’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, equities analysts expect that The Mosaic Company will post 2.78 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.93%. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wolfe Research started coverage on shares of Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective for the company. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Mizuho dropped their price objective on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday. The Goldman Sachs Group decreased their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, TheStreet lowered 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 given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $40.20.

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.