Swedbank AB Has $34.10 Million Position in The Mosaic Company (NYSE:MOS)

Swedbank AB grew its holdings in The Mosaic Company (NYSE:MOS) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,387,332 shares of the basic materials company’s stock after buying an additional 117,838 shares during the quarter. Swedbank AB’s holdings in Mosaic were worth $34,101,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Mosaic by 22.0% during the second quarter. Envestnet Asset Management Inc. now owns 112,664 shares of the basic materials company’s stock worth $3,256,000 after purchasing an additional 20,333 shares during the period. Public Sector Pension Investment Board boosted its stake in Mosaic by 64.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 12,463 shares of the basic materials company’s stock valued at $360,000 after buying an additional 4,884 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Mosaic by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 410,796 shares of the basic materials company’s stock valued at $11,873,000 after acquiring an additional 16,010 shares during the period. Creative Planning raised its stake in Mosaic by 46.5% during the second quarter. Creative Planning now owns 24,487 shares of the basic materials company’s stock worth $708,000 after acquiring an additional 7,772 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Mosaic by 39.9% during the second quarter. Truist Financial Corp now owns 14,553 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 4,152 shares during the period. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

Mosaic stock opened at $28.59 on Friday. The Mosaic Company has a 1 year low of $23.56 and a 1 year high of $33.44. The company’s 50-day moving average is $26.00 and its two-hundred day moving average is $26.75. 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 company has a market cap of $9.08 billion, a PE ratio of 25.30, a PEG ratio of 1.49 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 anticipate that The Mosaic Company will post 2.05 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. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is currently 74.34%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Morgan Stanley reduced their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. Finally, Oppenheimer assumed coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.09.

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.