Nisa Investment Advisors LLC Sells 42,203 Shares of The Mosaic Company $MOS

Nisa Investment Advisors LLC reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 48.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 44,756 shares of the basic materials company’s stock after selling 42,203 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mosaic were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after acquiring an additional 7,294,205 shares in the last quarter. Bank of New York Mellon Corp raised its position in Mosaic by 102.3% during the third quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after purchasing an additional 3,894,947 shares in the last quarter. Merewether Investment Management LP bought a new stake in Mosaic during the second quarter worth about $72,380,000. Dimensional Fund Advisors LP boosted its holdings in shares of Mosaic by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock worth $436,140,000 after purchasing an additional 1,285,883 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Mosaic by 60.1% in the 3rd quarter. Truist Financial Corp now owns 3,237,903 shares of the basic materials company’s stock worth $112,290,000 after purchasing an additional 1,215,063 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Down 0.1%

NYSE MOS opened at $26.14 on Friday. The firm has a market cap of $8.30 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.67 and a beta of 0.95. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock has a 50-day moving average of $27.67 and a 200-day moving average of $27.61. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.Mosaic’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. Mosaic’s dividend payout ratio (DPR) is currently 52.07%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Weiss Ratings raised Mosaic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 20th. Oppenheimer set a $35.00 price target on shares of Mosaic in a research note on Friday, January 16th. Royal Bank Of Canada lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Mosaic from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.27.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.