Paradiem LLC Sells 25,480 Shares of The Mosaic Company (NYSE:MOS)

Paradiem LLC trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,855 shares of the basic materials company’s stock after selling 25,480 shares during the quarter. Paradiem LLC’s holdings in Mosaic were worth $2,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Mosaic by 6.7% during the fourth quarter. Russell Investments Group Ltd. now owns 684,782 shares of the basic materials company’s stock worth $24,468,000 after purchasing an additional 43,074 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Mosaic during the fourth quarter worth $248,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Mosaic by 5.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,435,687 shares of the basic materials company’s stock worth $51,297,000 after purchasing an additional 72,220 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Mosaic during the fourth quarter worth $317,000. Finally, Alaska Permanent Fund Corp lifted its position in shares of Mosaic by 1.0% during the fourth quarter. Alaska Permanent Fund Corp now owns 67,192 shares of the basic materials company’s stock worth $2,401,000 after purchasing an additional 692 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 0.1 %

MOS traded down $0.03 on Friday, hitting $30.25. The company had a trading volume of 2,670,272 shares, compared to its average volume of 3,632,738. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 1.55 and a beta of 1.50. The stock has a fifty day moving average price of $31.52 and a 200-day moving average price of $33.28. The Mosaic Company has a 12-month low of $29.25 and a 12-month high of $43.99.

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

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio is presently 24.07%.

Analyst Ratings Changes

MOS has been the subject of several research analyst reports. The Goldman Sachs Group decreased their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Scotiabank upgraded 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. Mizuho lowered Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $42.00 to $34.00 in a research note on Wednesday, January 24th. Finally, Wolfe Research initiated coverage on Mosaic in a research note on Friday, March 1st. They set an “outperform” rating and a $39.00 price target on the stock. Two 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.27.

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.