Bleakley Financial Group LLC Raises Stock Holdings in The Mosaic Company $MOS

Key Points

• Bleakley Financial Group LLC raised its stake in The Mosaic Company by 16.5%, increasing its holdings to 116,979 shares worth approximately $4.27 million.
• Institutional investors own 77.54% of Mosaic's stock, with notable increases in holdings from firms like Boston Partners and Truist Financial Corp.
• Mosaic reported earnings per share (EPS) of $0.51 in its latest quarter, missing estimates, and announced a quarterly dividend yielding 3.0%.

Bleakley Financial Group LLC increased its position in The Mosaic Company (NYSE:MOS - Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,979 shares of the basic materials company's stock after purchasing an additional 16,559 shares during the period. Bleakley Financial Group LLC's holdings in Mosaic were worth $4,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Mosaic by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock worth $310,549,000 after purchasing an additional 456,327 shares during the period. Boston Partners boosted its holdings in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock worth $215,540,000 after acquiring an additional 2,368,094 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 6.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company's stock worth $97,113,000 after acquiring an additional 226,856 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Mosaic in the first quarter worth $54,953,000. Finally, Truist Financial Corp boosted its holdings in Mosaic by 13,275.9% in the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company's stock worth $73,793,000 after acquiring an additional 2,007,717 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Mosaic in a report on Wednesday, October 8th. UBS Group dropped their target price on Mosaic from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, October 13th. Zacks Research downgraded Mosaic from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 9th. Wells Fargo & Company dropped their target price on Mosaic from $34.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, October 16th. Finally, Scotiabank downgraded Mosaic from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $39.00 to $34.00 in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.23.

Mosaic Trading Down 0.1%

Shares of NYSE:MOS opened at $29.63 on Friday. The company has a market cap of $9.40 billion, a P/E ratio of 10.04, a PEG ratio of 0.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The stock's fifty day moving average price is $32.89 and its 200-day moving average price is $33.25.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Sell-side analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, September 8th. Mosaic's dividend payout ratio is 29.83%.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.

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