Murphy Pohlad Asset Management LLC grew its holdings in The Mosaic Company (NYSE:MOS – Free Report) by 112.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,800 shares of the basic materials company’s stock after purchasing an additional 32,225 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Mosaic were worth $1,288,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nykredit A S bought a new position in shares of Mosaic during the 2nd quarter worth approximately $78,254,000. Corient Private Wealth LP grew its holdings in shares of Mosaic by 51.1% during the 2nd quarter. Corient Private Wealth LP now owns 63,640 shares of the basic materials company’s stock worth $1,349,000 after purchasing an additional 21,521 shares in the last quarter. Amundi lifted its holdings in shares of Mosaic by 5.2% during the 2nd quarter. Amundi now owns 1,575,155 shares of the basic materials company’s stock worth $33,378,000 after acquiring an additional 77,837 shares during the period. HighTower Advisors LLC lifted its stake in Mosaic by 3,533.0% during the second quarter. HighTower Advisors LLC now owns 620,328 shares of the basic materials company’s stock worth $13,145,000 after purchasing an additional 603,253 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Mosaic during the 2nd quarter worth $957,000. 77.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on MOS shares. The Goldman Sachs Group reduced their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Berenberg Bank lowered their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. HSBC reduced their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. lowered their price target on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.17.
Mosaic Stock Performance
MOS stock traded up $0.68 during mid-day trading on Tuesday, hitting $26.53. The company had a trading volume of 10,579,856 shares, compared to its average volume of 8,792,247. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The firm has a market cap of $8.43 billion, a PE ratio of -13.13, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The stock’s fifty day moving average price is $22.79 and its two-hundred day moving average price is $23.88.
Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 5.21% and a positive return on equity of 3.77%. Mosaic’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, analysts forecast that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.
Mosaic Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 annualized dividend and a yield of 3.3%. Mosaic’s dividend payout ratio (DPR) is -43.56%.
Insider Buying and Selling at Mosaic
In related news, SVP Walter Precourt, III sold 23,000 shares of the 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 approximately $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.
Mosaic Company 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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