Greenleaf Trust Grows Position in The Mosaic Company (NYSE:MOS)

Greenleaf Trust increased its holdings in The Mosaic Company (NYSE:MOS) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the basic materials company’s stock after acquiring an additional 1,179 shares during the quarter. Greenleaf Trust’s holdings in Mosaic were worth $607,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Denali Advisors LLC lifted its stake in Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares during the period. Janiczek Wealth Management LLC lifted its stake in Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 318 shares during the period. Exchange Traded Concepts LLC lifted its stake in Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,289 shares during the period. NBC Securities Inc. purchased a new stake in Mosaic in the third quarter worth about $57,000. Finally, Planned Solutions Inc. purchased a new stake in Mosaic in the fourth quarter worth about $65,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

MOS opened at $30.73 on Tuesday. The Mosaic Company has a 52-week low of $29.25 and a 52-week high of $44.44. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The company has a market cap of $9.89 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50. The firm’s 50-day moving average price is $31.49 and its 200-day moving average price is $33.41.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company posted $1.74 EPS. Mosaic’s quarterly revenue was down 29.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.73%. Mosaic’s dividend payout ratio (DPR) is presently 24.07%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Wells Fargo & Company increased their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. The Goldman Sachs Group decreased their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Finally, Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.27.

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.