Johnson Financial Group Inc. Lowers Stock Holdings in The Mosaic Company (NYSE:MOS)

Johnson Financial Group Inc. reduced its position in shares of The Mosaic Company (NYSE:MOS) by 52.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,650 shares of the basic materials company’s stock after selling 9,368 shares during the period. Johnson Financial Group Inc.’s holdings in Mosaic were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MOS. Janiczek Wealth Management LLC boosted its holdings in Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 318 shares during the period. AdvisorNet Financial Inc boosted its holdings in Mosaic by 14.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 327 shares during the period. Denali Advisors LLC boosted its holdings in Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 414 shares during the period. Moors & Cabot Inc. boosted its holdings in Mosaic by 4.2% in the third quarter. Moors & Cabot Inc. now owns 10,500 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 419 shares during the period. Finally, Wahed Invest LLC boosted its holdings in Mosaic by 9.5% in the third quarter. Wahed Invest LLC now owns 5,200 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 449 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Wolfe Research began coverage on Mosaic in a report on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price for the company. Barclays cut their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. The Goldman Sachs Group cut their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Finally, Piper Sandler cut their price target on Mosaic from $32.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.36.

Mosaic Stock Performance

Shares of MOS traded down $0.06 during midday trading on Friday, reaching $30.98. 2,760,302 shares of the stock were exchanged, compared to its average volume of 4,648,650. The business’s 50-day moving average price is $31.04 and its 200 day moving average price is $32.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The Mosaic Company has a twelve month low of $27.83 and a twelve month high of $42.81. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.66 and a beta of 1.51.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business’s revenue was down 25.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. On average, sell-side analysts expect that The Mosaic Company will post 2.64 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business 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. This represents a $0.84 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

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.