City State Bank Sells 488 Shares of The Mosaic Company (NYSE:MOS)

City State Bank cut its position in shares of The Mosaic Company (NYSE:MOS – Get Rating) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,747 shares of the basic materials company’s stock after selling 488 shares during the period. City State Bank’s holdings in Mosaic were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. North Star Investment Management Corp. boosted its position in Mosaic by 66.7% in the fourth quarter. North Star Investment Management Corp. now owns 30,054 shares of the basic materials company’s stock valued at $1,318,000 after buying an additional 12,024 shares in the last quarter. Cullinan Associates Inc. boosted its position in Mosaic by 192.0% in the fourth quarter. Cullinan Associates Inc. now owns 25,400 shares of the basic materials company’s stock valued at $1,114,000 after buying an additional 16,700 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in Mosaic by 12.1% in the fourth quarter. Carolina Wealth Advisors LLC now owns 12,258 shares of the basic materials company’s stock valued at $538,000 after buying an additional 1,326 shares in the last quarter. Polianta Ltd raised its stake in shares of Mosaic by 26.7% in the fourth quarter. Polianta Ltd now owns 14,700 shares of the basic materials company’s stock worth $644,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Mosaic by 87.6% in the fourth quarter. Yousif Capital Management LLC now owns 103,519 shares of the basic materials company’s stock worth $4,541,000 after acquiring an additional 48,342 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Mosaic from $65.00 to $69.00 in a research note on Monday, February 27th. BNP Paribas downgraded shares of Mosaic from a “neutral” rating to an “underperform” rating and set a $42.00 target price for the company. in a research note on Friday, January 13th. Wells Fargo & Company initiated coverage on shares of Mosaic in a research note on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 target price for the company. Piper Sandler dropped their target price on shares of Mosaic from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mosaic from $75.00 to $60.00 in a research note on Friday, February 24th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.50.

Mosaic Stock Down 3.3 %

MOS traded down $1.46 during trading hours on Friday, hitting $43.09. 5,720,346 shares of the company’s stock were exchanged, compared to its average volume of 5,013,761. The Mosaic Company has a 1-year low of $40.29 and a 1-year high of $79.28. The stock’s 50-day moving average is $49.59 and its two-hundred day moving average is $49.79. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 4.32, a PEG ratio of 0.84 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 1.18 and a debt-to-equity ratio of 0.20.

Mosaic (NYSE:MOS – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The basic materials company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.34). Mosaic had a return on equity of 33.04% and a net margin of 18.73%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts predict that The Mosaic Company will post 7.55 earnings per share for the current fiscal year.

Mosaic Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, May 31st. Mosaic’s dividend payout ratio is presently 10.02%.

Mosaic Profile

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The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients.