SG Americas Securities LLC Sells 115,940 Shares of The Mosaic Company (NYSE:MOS)

SG Americas Securities LLC reduced its position in The Mosaic Company (NYSE:MOS) by 95.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,367 shares of the basic materials company’s stock after selling 115,940 shares during the quarter. SG Americas Securities LLC’s holdings in Mosaic were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MOS. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Two Sigma Advisers LP boosted its position in Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after buying an additional 947,500 shares during the period. Donald Smith & CO. Inc. boosted its position in Mosaic by 32.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after buying an additional 668,347 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Mosaic by 13.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after buying an additional 359,760 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in Mosaic during the 3rd quarter worth approximately $5,837,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOS has been the topic of several recent research reports. Mizuho lifted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Piper Sandler lifted their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Morgan Stanley lowered their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.80.

Mosaic Stock Performance

NYSE:MOS opened at $26.94 on Wednesday. The company has a fifty day moving average of $26.17 and a 200-day moving average of $26.61. The firm has a market capitalization of $8.56 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business’s revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.27%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is currently 74.34%.

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.