Marco Investment Management LLC Cuts Position in The Mosaic Company (NYSE:MOS)

Marco Investment Management LLC lessened its holdings in The Mosaic Company (NYSE:MOS) by 5.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,150 shares of the basic materials company’s stock after selling 3,200 shares during the quarter. Marco Investment Management LLC’s holdings in Mosaic were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. raised its holdings in Mosaic by 3.2% during the 3rd quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock valued at $313,020,000 after acquiring an additional 268,966 shares during the period. Northern Trust Corp increased its holdings in shares of Mosaic by 7.5% in 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. increased its holdings in shares of Mosaic by 5.1% in 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 grew its position in Mosaic by 3.6% in the third quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock worth $109,042,000 after acquiring an additional 107,011 shares in the last quarter. Finally, FMR LLC grew its position in Mosaic by 1.0% in the third quarter. FMR LLC now owns 2,550,619 shares of the basic materials company’s stock worth $90,802,000 after acquiring an additional 24,420 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MOS. Mizuho lowered shares of 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 report on Wednesday, January 24th. Wolfe Research began coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a research report on Thursday, February 22nd. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group cut their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $40.27.

Mosaic Stock Down 0.1 %

Shares of NYSE MOS traded down $0.03 during midday trading on Friday, reaching $30.25. 2,670,272 shares of the company’s stock traded hands, compared to its average volume of 3,632,738. 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 stock’s 50 day simple moving average is $31.52 and its 200-day simple moving average is $33.28. The Mosaic Company has a one year low of $29.25 and a one year high of $43.99. The company has a market cap 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.

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

Mosaic Dividend Announcement

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

Mosaic Company 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.