Mercer Global Advisors Inc. ADV Buys 2,390 Shares of The Mosaic Company (NYSE:MOS)

Mercer Global Advisors Inc. ADV raised its stake in shares of The Mosaic Company (NYSE:MOS) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,205 shares of the basic materials company’s stock after buying an additional 2,390 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Mosaic were worth $398,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Mosaic in the 4th quarter valued at approximately $97,363,000. Invesco Ltd. increased its stake in Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after purchasing an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after purchasing an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. acquired a new stake in Mosaic in the fourth quarter worth $36,231,000. Finally, Covalis Capital LLP bought a new position in shares of Mosaic during the fourth quarter worth $27,031,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Up 3.9%

NYSE:MOS opened at $34.22 on Wednesday. The company has a market cap of $10.85 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $34.42. The business has a 50 day moving average price of $27.30 and a two-hundred day moving average price of $26.58. 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 announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is 75.86%.

Wall Street Analyst Weigh In

A number of analysts recently commented on MOS shares. StockNews.com upgraded shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price for the company. Mizuho lowered their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. BNP Paribas raised Mosaic to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

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.