Wilmington Savings Fund Society FSB Trims Stock Position in The Mosaic Company (NYSE:MOS)

Wilmington Savings Fund Society FSB lessened its stake in The Mosaic Company (NYSE:MOS) by 37.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,707 shares of the basic materials company’s stock after selling 4,575 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Mosaic were worth $189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group grew its stake in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd purchased a new position in Mosaic in the 4th quarter worth approximately $33,000. Tobam purchased a new position in Mosaic in the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic in the 4th quarter worth approximately $41,000. Finally, Blue Trust Inc. grew its stake in Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after buying an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 3.0 %

NYSE:MOS opened at $26.15 on Thursday. The company has a fifty day moving average of $26.14 and a 200 day moving average of $26.59. The Mosaic Company has a 52 week low of $23.56 and a 52 week 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. The firm has a market capitalization of $8.31 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. On average, research analysts predict that The Mosaic Company will post 2.04 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. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. 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. This represents a $0.88 annualized dividend and a yield of 3.37%. Mosaic’s dividend payout ratio is 74.34%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MOS. Mizuho boosted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. CIBC began coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Oppenheimer began coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average price target of $33.80.

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.