Man Group plc bought a new stake in shares of The Mosaic Company (NYSE:MOS – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 160,213 shares of the basic materials company’s stock, valued at approximately $3,395,000. Man Group plc owned 0.05% of Mosaic as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Mosaic during the second quarter valued at approximately $524,484,000. Dimensional Fund Advisors LP grew its holdings in Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after buying an additional 832,914 shares in the last quarter. State Street Corp increased its position in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after acquiring an additional 240,146 shares during the period. Invesco Ltd. increased its position in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after acquiring an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC raised its stake in Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after acquiring an additional 63,822 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently issued reports on MOS. BNP Paribas Exane decreased their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Rothschild & Co Redburn began coverage on shares of Mosaic in a research note on Friday, June 26th. They set a “buy” rating and a $30.00 price objective on the stock. Freedom Capital lowered shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 13th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.17.
Insider Activity at Mosaic
In related news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by insiders.
Mosaic Price Performance
NYSE:MOS opened at $24.17 on Tuesday. The business’s 50-day moving average price is $22.40 and its 200 day moving average price is $24.03. The firm has a market cap of $7.68 billion, a P/E ratio of -11.97, a PEG 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.
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 for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company earned $0.51 EPS. Mosaic’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts predict that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.
Mosaic Announces Dividend
The firm also recently announced 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. 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 payout ratio is presently -43.56%.
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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