Bleakley Financial Group LLC Has $2.13 Million Position in The Mosaic Company (NYSE:MOS)

Bleakley Financial Group LLC decreased its position in The Mosaic Company (NYSE:MOS) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 86,741 shares of the basic materials company’s stock after selling 3,112 shares during the quarter. Bleakley Financial Group LLC’s holdings in Mosaic were worth $2,132,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Mosaic by 12.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,689 shares of the basic materials company’s stock valued at $1,548,000 after acquiring an additional 7,282 shares during the last quarter. Yousif Capital Management LLC raised its position in Mosaic by 6.1% in the 4th quarter. Yousif Capital Management LLC now owns 52,487 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 3,010 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Mosaic by 9.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,944 shares of the basic materials company’s stock worth $392,000 after purchasing an additional 1,369 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Mosaic during the fourth quarter worth $41,000. Finally, Mediolanum International Funds Ltd increased its stake in shares of Mosaic by 9.0% in the fourth quarter. Mediolanum International Funds Ltd now owns 83,834 shares of the basic materials company’s stock valued at $2,007,000 after buying an additional 6,912 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $26.84 on Friday. The firm’s 50 day simple moving average is $26.16 and its 200 day simple moving average is $26.67. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. As a group, sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given 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 dividend yield of 3.28%. Mosaic’s payout ratio is currently 74.34%.

Analysts Set New Price Targets

A number of brokerages have commented on MOS. Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 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 research report on Monday, January 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and cut their price target for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. Finally, Mizuho boosted their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.