1834 Investment Advisors Co. Purchases 6,051 Shares of The Mosaic Company (NYSE:MOS)

1834 Investment Advisors Co. lifted its position in The Mosaic Company (NYSE:MOS) by 56.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,749 shares of the basic materials company’s stock after buying an additional 6,051 shares during the period. 1834 Investment Advisors Co.’s holdings in Mosaic were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MOS. Envestnet Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 20,333 shares in the last quarter. Sei Investments Co. boosted its position in shares of Mosaic by 0.5% during the second quarter. Sei Investments Co. now owns 177,622 shares of the basic materials company’s stock valued at $5,133,000 after buying an additional 874 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Mosaic by 64.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 12,463 shares of the basic materials company’s stock worth $360,000 after buying an additional 4,884 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Mosaic by 57.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,617 shares of the basic materials company’s stock worth $1,781,000 after buying an additional 22,594 shares during the last quarter. Finally, MBB Public Markets I LLC lifted its stake in Mosaic by 120.2% during the 2nd quarter. MBB Public Markets I LLC now owns 42,690 shares of the basic materials company’s stock valued at $1,234,000 after acquiring an additional 23,300 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MOS. CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating for the company. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. Piper Sandler raised Mosaic from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $26.00 to $30.00 in a report on Monday, January 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.82.

Mosaic Stock Down 1.9 %

NYSE MOS opened at $28.24 on Monday. The stock’s 50-day moving average price is $25.78 and its 200-day moving average price is $26.72. The company has a market capitalization of $8.97 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 52 week low of $23.56 and a 52 week high of $33.44.

Mosaic (NYSE:MOS) last issued 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 firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, equities research analysts predict that The Mosaic Company will post 2.05 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend 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.