Core Alternative Capital Sells 68,750 Shares of The Mosaic Company (NYSE:MOS)

Core Alternative Capital reduced its stake in The Mosaic Company (NYSE:MOS) by 52.3% in the 4th quarter, HoldingsChannel reports. The firm owned 62,799 shares of the basic materials company’s stock after selling 68,750 shares during the quarter. Core Alternative Capital’s holdings in Mosaic were worth $1,544,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after buying an additional 178,844 shares in the last quarter. Two Sigma Advisers LP grew its stake in Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after acquiring an additional 947,500 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Mosaic by 13.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after purchasing an additional 359,760 shares during the period. Finally, Donald Smith & CO. Inc. raised its position in shares of Mosaic by 32.1% during the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after purchasing an additional 668,347 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Up 2.1 %

Shares of MOS opened at $27.43 on Tuesday. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44. The stock has a market cap of $8.71 billion, a PE ratio of 24.27, a P/E/G ratio of 1.42 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 business’s 50-day moving average price is $26.17 and its 200-day moving average price is $26.62.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, equities analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Increases Dividend

The business also recently announced 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 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 3.21%. Mosaic’s payout ratio is 74.34%.

Wall Street Analysts Forecast Growth

MOS has been the subject of several research reports. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Mizuho boosted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley lowered their target price 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. Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. One equities 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.80.

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.