Pekin Hardy Strauss Inc. Acquires 17,879 Shares of The Mosaic Company (NYSE:MOS)

Pekin Hardy Strauss Inc. increased its holdings in shares of The Mosaic Company (NYSE:MOS) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 319,531 shares of the basic materials company’s stock after buying an additional 17,879 shares during the period. Mosaic accounts for about 1.6% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 5th largest holding. Pekin Hardy Strauss Inc.’s holdings in Mosaic were worth $11,417,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Invesco Ltd. raised its stake in Mosaic by 3.2% during the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after purchasing an additional 268,966 shares during the period. Northern Trust Corp raised its stake in Mosaic by 7.5% during the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after purchasing an additional 424,063 shares during the period. Pacer Advisors Inc. raised its stake in Mosaic by 5.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock worth $136,641,000 after purchasing an additional 186,337 shares during the period. Deutsche Bank AG raised its stake in Mosaic by 3.6% during the third quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock worth $109,042,000 after purchasing an additional 107,011 shares during the period. Finally, FMR LLC raised its stake in Mosaic by 1.0% during the third quarter. FMR LLC now owns 2,550,619 shares of the basic materials company’s stock worth $90,802,000 after purchasing an additional 24,420 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on MOS shares. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $34.00 in a research note on Wednesday, January 24th. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. The Goldman Sachs Group dropped their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.27.

Mosaic Stock Up 1.7 %

NYSE MOS traded up $0.53 on Tuesday, hitting $31.39. 7,759,786 shares of the stock were exchanged, compared to its average volume of 4,857,464. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $43.99. The company has a market cap of $10.10 billion, a PE ratio of 9.01, a PEG ratio of 1.55 and a beta of 1.50. The company has a 50-day moving average price of $31.53 and a 200-day moving average price of $33.22.

Mosaic (NYSE:MOS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The company’s quarterly revenue was down 29.7% on a year-over-year basis. Sell-side analysts anticipate that The Mosaic Company will post 2.79 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.68%. Mosaic’s dividend payout ratio (DPR) is 24.07%.

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.