Newbridge Financial Services Group Inc. Has $71,000 Stock Position in The Mosaic Company (NYSE:MOS)

Newbridge Financial Services Group Inc. cut its stake in The Mosaic Company (NYSE:MOS) by 29.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,900 shares of the basic materials company’s stock after selling 1,200 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Mosaic were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MOS. Pacer Advisors Inc. raised its stake in Mosaic by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after acquiring an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Swedbank AB increased its position in shares of Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares in the last quarter. OLD National Bancorp IN lifted its holdings in Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Mosaic in the third quarter valued at about $1,251,000. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

MOS has been the subject of a number of research analyst reports. Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Morgan Stanley cut their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Piper Sandler raised their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Finally, Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.80.

Mosaic Stock Up 2.1 %

Shares of NYSE MOS opened at $27.43 on Tuesday. The Mosaic Company has a 1 year low of $23.56 and a 1 year high of $33.44. The firm’s 50-day moving average is $26.17 and its 200-day moving average is $26.62. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.71 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

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

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. 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 3.21%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is currently 77.88%.

Mosaic 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.