Mirador Capital Partners LP Cuts Stock Position in The Mosaic Company (NYSE:MOS)

Mirador Capital Partners LP decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,548 shares of the basic materials company’s stock after selling 416 shares during the period. Mirador Capital Partners LP’s holdings in Mosaic were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of Mosaic by 13.2% in the second quarter. American Century Companies Inc. now owns 454,340 shares of the basic materials company’s stock valued at $13,130,000 after purchasing an additional 52,846 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Mosaic by 22.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 112,664 shares of the basic materials company’s stock worth $3,256,000 after buying an additional 20,333 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after buying an additional 1,628,850 shares during the last quarter. Moors & Cabot Inc. increased its stake in Mosaic by 5.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after buying an additional 382 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in shares of Mosaic during the second quarter valued at approximately $1,095,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 1.1 %

Shares of Mosaic stock opened at $26.73 on Friday. The stock has a 50 day moving average of $25.66 and a 200 day moving average of $26.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.36 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.17 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, research analysts predict that The Mosaic Company will post 2.06 earnings per share for the current year.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is currently 74.34%.

Analysts Set New Price Targets

Several brokerages recently commented on MOS. Oppenheimer initiated coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Piper Sandler raised shares of Mosaic from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $26.00 to $30.00 in a research note on Monday. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Mizuho raised their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $35.09.

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.