Garner Asset Management Corp Sells 2,149 Shares of The Mosaic Company (NYSE:MOS)

Garner Asset Management Corp trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,767 shares of the basic materials company’s stock after selling 2,149 shares during the period. Garner Asset Management Corp’s holdings in Mosaic were worth $1,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janiczek Wealth Management LLC increased its stake in shares of Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after buying an additional 318 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Mosaic by 14.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 327 shares during the period. Denali Advisors LLC grew its stake in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Wahed Invest LLC lifted its holdings in Mosaic by 9.5% during the third quarter. Wahed Invest LLC now owns 5,200 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 449 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Mosaic by 10.9% during the fourth quarter. Parallel Advisors LLC now owns 4,570 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 450 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Price Performance

NYSE MOS traded down $0.46 on Tuesday, hitting $28.30. 4,447,398 shares of the company’s stock were exchanged, compared to its average volume of 4,750,170. The stock has a 50-day moving average of $30.59 and a 200-day moving average of $32.24. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 52 week low of $27.83 and a 52 week high of $42.81. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.53 and a beta of 1.45.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. Analysts expect that The Mosaic Company will post 2.64 earnings per share for the current 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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s payout ratio is currently 35.74%.

Wall Street Analyst Weigh In

MOS has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, May 6th. Mizuho lowered their target price on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Barclays lowered their target price on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. 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 research report on Friday, February 23rd. Finally, Piper Sandler lowered their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $38.29.

Mosaic 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.