82,475 The Mosaic Company $MOS Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Mosaic holdings by 49.7% in the third quarter, selling 82,475 shares and retaining 83,594 shares valued at approximately $1.81 million. Institutional investors collectively own 77.54% of MOS.
• Analysts maintain a consensus “Hold” rating with an average price target of $26.67; six analysts recommend buying, 13 recommend holding, and three recommend selling.
• Mosaic reported quarterly EPS of $0.13, slightly above expectations, but revenue fell 6% year over year to $2.82 billion. The company also declared a quarterly dividend of $0.22 per share, equivalent to an annualized yield of about 5%.

Assenagon Asset Management S.A. lessened its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 49.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,594 shares of the basic materials company's stock after selling 82,475 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Mosaic were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Curated Wealth Partners LLC lifted its holdings in shares of Mosaic by 61.3% in the third quarter. Curated Wealth Partners LLC now owns 24,570 shares of the basic materials company's stock worth $532,000 after buying an additional 9,339 shares in the last quarter. Mather Group LLC. lifted its position in shares of Mosaic by 578.6% during the third quarter. Mather Group LLC. now owns 4,058 shares of the basic materials company's stock worth $88,000 after purchasing an additional 3,460 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Mosaic by 1,575.9% during the 3rd quarter. Fortitude Family Office LLC now owns 3,620 shares of the basic materials company's stock valued at $78,000 after buying an additional 3,404 shares in the last quarter. Riversedge Advisors LLC purchased a new position in shares of Mosaic during the third quarter valued at $201,000. Finally, GAMMA Investing LLC boosted its position in Mosaic by 38.0% during the 3rd quarter. GAMMA Investing LLC now owns 21,460 shares of the basic materials company's stock valued at $465,000 after acquiring an additional 5,914 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares of the company's stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent analyst reports. BNP Paribas Exane cut their price target on shares of Mosaic from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 1st. BMO Capital Markets cut their price target on shares of Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, June 30th. Zacks Research upgraded shares of Mosaic from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 21st. Weiss Ratings reiterated a "sell (d)" rating on shares of Mosaic in a report on Friday, August 7th. Finally, Mizuho cut their target price on Mosaic from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 13th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Mosaic has a consensus rating of "Hold" and an average target price of $26.67.

Mosaic Price Performance

MOS stock opened at $17.67 on Thursday. The company has a market capitalization of $5.62 billion, a P/E ratio of 12.40, a PEG ratio of 5.17 and a beta of 0.91. The Mosaic Company has a twelve month low of $17.51 and a twelve month high of $32.25. The business has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $22.75. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. As a group, equities analysts anticipate that The Mosaic Company will post 0.34 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Thursday, September 10th. Mosaic's dividend payout ratio (DPR) is presently -43.56%.

Mosaic Company Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.

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