Manning & Napier Advisors LLC Sells 29,246 Shares of The Mosaic Company (NYSE:MOS)

Manning & Napier Advisors LLC lowered its position in The Mosaic Company (NYSE:MOS) by 35.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,927 shares of the basic materials company’s stock after selling 29,246 shares during the period. Manning & Napier Advisors LLC’s holdings in Mosaic were worth $1,326,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after buying an additional 178,844 shares during the period. Two Sigma Advisers LP boosted its holdings in Mosaic by 40.6% in 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. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $86,189,000 after buying an additional 986,812 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Mosaic by 13.9% in 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, Donald Smith & CO. Inc. boosted its holdings in Mosaic by 32.1% in 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. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 0.3 %

Shares of NYSE MOS opened at $28.59 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $26.00 and its 200-day moving average price is $26.75. The Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.49 and a beta of 1.34.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. Mosaic’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities research analysts anticipate that The Mosaic Company will post 2.05 EPS for the current fiscal year.

Mosaic Increases Dividend

The firm 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.08%. Mosaic’s dividend payout ratio (DPR) is currently 74.34%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday. CIBC initiated coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Mizuho boosted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Barclays cut shares of Mosaic from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $30.00 to $27.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus target price of $35.09.

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.