Federated Hermes Inc. Lowers Holdings in The Mosaic Company $MOS

Federated Hermes Inc. decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,080 shares of the basic materials company’s stock after selling 54,653 shares during the quarter. Federated Hermes Inc. owned about 0.09% of Mosaic worth $9,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the last quarter. United Services Automobile Association acquired a new position in Mosaic in the first quarter valued at about $201,000. Empowered Funds LLC boosted its stake in Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP increased its position in shares of Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MOS. Morgan Stanley increased their price objective on shares of Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. Royal Bank Of Canada raised their price target on Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. UBS Group cut their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Finally, Oppenheimer set a $35.00 target price on Mosaic in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Down 2.0%

Shares of NYSE MOS opened at $27.47 on Monday. The stock has a market cap of $8.72 billion, a P/E ratio of 7.12, a PEG ratio of 1.24 and a beta of 0.97. The business’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $29.54. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.Mosaic’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. As a group, equities analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be paid a $0.22 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.2%. Mosaic’s payout ratio is currently 22.80%.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.