Heck Capital Advisors LLC Takes Position in The Mosaic Company (NYSE:MOS)

Heck Capital Advisors LLC purchased a new position in The Mosaic Company (NYSE:MOS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,665 shares of the basic materials company’s stock, valued at approximately $41,000.

Several other large investors also recently modified their holdings of MOS. Geode Capital Management LLC grew its stake in shares of Mosaic by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after purchasing an additional 178,844 shares during the period. Two Sigma Advisers LP grew its position in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after buying an additional 947,500 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 44.2% during the third 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 buying an additional 986,812 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after acquiring an additional 359,760 shares during the period. Finally, Donald Smith & CO. Inc. boosted its stake in shares of 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 acquiring an additional 668,347 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 2.4 %

Shares of MOS stock opened at $27.89 on Monday. The stock has a market cap of $8.86 billion, a P/E ratio of 24.68, a PEG ratio of 1.53 and a beta of 1.34. The company’s fifty day simple moving average is $26.03 and its two-hundred day simple moving average is $26.69. 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 52 week low of $23.56 and a 52 week high of $33.44.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion for 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%. Mosaic’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.16%. Mosaic’s dividend payout ratio (DPR) is 77.88%.

Analysts Set New Price Targets

A number of brokerages recently commented on MOS. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. CIBC initiated coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Mizuho boosted their price objective on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Piper Sandler raised their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $33.80.

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.