Glenorchy Capital Ltd Sells 37,064 Shares of The Mosaic Company (NYSE:MOS)

Glenorchy Capital Ltd cut its stake in shares of The Mosaic Company (NYSE:MOS) by 44.5% in the 4th quarter, HoldingsChannel reports. The fund owned 46,315 shares of the basic materials company’s stock after selling 37,064 shares during the quarter. Glenorchy Capital Ltd’s holdings in Mosaic were worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock valued at $1,814,000 after purchasing an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mosaic by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after buying an additional 150,186 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of Mosaic by 33.8% in the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after acquiring an additional 73,653 shares during the period. Swedbank AB grew its stake in shares of Mosaic by 9.3% in the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after acquiring an additional 117,838 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Mosaic during the fourth quarter worth about $1,054,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS stock opened at $32.67 on Friday. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $32.71. 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 has a fifty day simple moving average of $27.13 and a 200 day simple moving average of $26.54. The company has a market cap of $10.35 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.69%. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Analysts Set New Price Targets

MOS has been the subject of a number of recent research reports. Piper Sandler reissued a “neutral” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. Wells Fargo & Company boosted their price target on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. BNP Paribas raised Mosaic to a “strong-buy” rating in a research report on Wednesday, April 9th. Mizuho dropped their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their target price on Mosaic from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.17.

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.