The Manufacturers Life Insurance Company bought a new position in The Mosaic Company (NYSE:MOS – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 236,453 shares of the basic materials company’s stock, valued at approximately $5,011,000.
A number of other institutional investors have also modified their holdings of MOS. Fortress Financial Group LLC bought a new stake in shares of Mosaic during the second quarter valued at approximately $269,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Mosaic in the second quarter valued at approximately $31,000. MUFG Securities EMEA plc bought a new position in Mosaic in the second quarter worth approximately $34,000. Geneos Wealth Management Inc. grew its stake in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in Mosaic by 72.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 525 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. BMO Capital Markets decreased their target price on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. The Goldman Sachs Group dropped their price target on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price objective on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Wall Street Zen downgraded Mosaic from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Finally, Barclays lowered their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.17.
Mosaic Stock Performance
Shares of NYSE:MOS opened at $24.17 on Tuesday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of -11.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.82. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $22.40 and a 200 day moving average of $24.03.
Mosaic (NYSE:MOS – Get Free Report) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.Mosaic’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts predict that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.
Mosaic Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 10th. Mosaic’s dividend payout ratio is -43.56%.
Insiders Place Their Bets
In related news, SVP Walter F. Precourt III sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the sale, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.
Mosaic Profile
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.
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