Donald Smith & CO. Inc. Increases Holdings in The Mosaic Company (NYSE:MOS)

Donald Smith & CO. Inc. boosted its position in The Mosaic Company (NYSE:MOS) by 84.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 597,709 shares of the basic materials company’s stock after buying an additional 273,590 shares during the period. Donald Smith & CO. Inc.’s holdings in Mosaic were worth $21,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MOS. SG Americas Securities LLC increased its stake in shares of Mosaic by 95.0% in the third quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock worth $1,504,000 after acquiring an additional 20,585 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 1,289 shares during the last quarter. Czech National Bank grew its position in Mosaic by 47.9% during the 3rd quarter. Czech National Bank now owns 58,186 shares of the basic materials company’s stock worth $2,071,000 after purchasing an additional 18,848 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Mosaic by 16.7% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 36,789 shares of the basic materials company’s stock valued at $1,310,000 after buying an additional 5,255 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Mosaic by 29.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company’s stock valued at $3,360,000 after buying an additional 21,706 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MOS shares. Mizuho downgraded Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Wells Fargo & Company boosted their target price on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Wolfe Research assumed coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target on the stock. Piper Sandler downgraded shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $40.27.

Mosaic Price Performance

MOS stock traded up $0.62 during mid-day trading on Monday, reaching $30.87. The company’s stock had a trading volume of 3,972,801 shares, compared to its average volume of 4,822,927. The stock has a market cap of $9.93 billion, a PE ratio of 8.67, a P/E/G ratio of 1.55 and a beta of 1.50. The company’s 50 day moving average is $31.52 and its two-hundred day moving average is $33.26. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $43.99. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business posted $1.74 EPS. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. Equities research analysts expect that The Mosaic Company will post 2.79 EPS for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is 24.07%.

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.