HighTower Advisors LLC lifted its stake in The Mosaic Company (NYSE:MOS – Free Report) by 3,533.0% in the second quarter, Holdings Channel.com reports. The firm owned 620,328 shares of the basic materials company’s stock after acquiring an additional 603,253 shares during the quarter. HighTower Advisors LLC’s holdings in Mosaic were worth $13,145,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Mosaic during the second quarter valued at approximately $524,484,000. Dimensional Fund Advisors LP lifted its position 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 boosted its stake in shares of Mosaic by 1.9% during 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 buying an additional 240,146 shares during the period. Invesco Ltd. boosted its stake in shares of Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after buying an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of 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. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MOS has been the subject of several recent research reports. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $28.00 to $27.00 in a report on Wednesday, May 13th. Rothschild & Co Redburn initiated coverage on Mosaic in a research note on Friday, June 26th. They issued a “buy” rating and a $30.00 target price on the stock. Barclays dropped their target price on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company cut their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Finally, BMO Capital Markets reduced their price target on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Seven 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.17.
Insider Transactions at Mosaic
In related news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.
Mosaic Stock Down 1.2%
Mosaic stock opened at $26.21 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. The firm’s fifty day simple moving average is $22.99 and its 200-day simple moving average is $23.83. The company has a market capitalization of $8.33 billion, a P/E ratio of -12.98, a P/E/G ratio of 4.80 and a beta of 0.83.
Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $0.51 earnings per share. Mosaic’s revenue for the quarter was down 6.0% on a year-over-year basis. Sell-side analysts forecast that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.
Mosaic Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, September 10th. Mosaic’s dividend payout ratio (DPR) is -43.56%.
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.
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