The Mosaic Company (NYSE:MOS) Stake Lifted by 180 Wealth Advisors LLC

180 Wealth Advisors LLC increased its position in shares of The Mosaic Company (NYSE:MOS) by 35.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,127 shares of the basic materials company’s stock after buying an additional 4,495 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Mosaic were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. Czech National Bank increased its position in shares of Mosaic by 6.1% during the 4th quarter. Czech National Bank now owns 68,872 shares of the basic materials company’s stock valued at $1,693,000 after purchasing an additional 3,963 shares during the period. Range Financial Group LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at $1,148,000. CWA Asset Management Group LLC bought a new position in Mosaic during the fourth quarter valued at about $765,000. GAMMA Investing LLC grew its holdings in Mosaic by 20.5% during the fourth quarter. GAMMA Investing LLC now owns 11,444 shares of the basic materials company’s stock worth $281,000 after acquiring an additional 1,946 shares during the period. Finally, Confluence Investment Management LLC raised its position in Mosaic by 6.3% in the fourth quarter. Confluence Investment Management LLC now owns 14,527 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 863 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MOS. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Oppenheimer started coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. Piper Sandler upgraded shares of Mosaic from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $26.00 to $30.00 in a research report on Monday. Mizuho increased their price objective on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley reduced their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.09.

Mosaic Price Performance

Shares of NYSE:MOS opened at $27.12 on Wednesday. The company’s fifty day moving average is $25.71 and its two-hundred day moving average is $26.71. The company has a market cap of $8.61 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.85 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 quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities analysts expect that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is 77.88%.

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.