Mirae Asset Global Investments Co. Ltd. Trims Stake in The Mosaic Company $MOS

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of The Mosaic Company (NYSE:MOS) by 37.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,745 shares of the basic materials company’s stock after selling 33,151 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Mosaic were worth $1,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the period. True Wealth Design LLC increased its position in shares of Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after buying an additional 764 shares during the period. Mather Group LLC. purchased a new position in shares of Mosaic during the third quarter valued at about $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic during the second quarter valued at about $31,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Mosaic during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MOS shares. JPMorgan Chase & Co. cut shares of Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research report on Thursday, February 26th. Mizuho cut their price objective on shares of Mosaic from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Scotiabank cut their price objective on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday. Finally, UBS Group cut shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $33.00 to $27.00 in a report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.73.

Mosaic Price Performance

Shares of MOS opened at $24.29 on Friday. The stock has a market cap of $7.71 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The Mosaic Company has a fifty-two week low of $23.06 and a fifty-two week high of $38.23. The firm’s 50-day simple moving average is $26.59 and its two-hundred day simple moving average is $26.73.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.Mosaic’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. Analysts anticipate that The Mosaic Company will post 1.6 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, May 21st. Mosaic’s dividend payout ratio is currently 52.07%.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.