Core Capital Management & Research inc. Acquires New Holdings in The Mosaic Company $MOS

Key Points

• Core Capital Management & Research acquired 129,343 shares of Mosaic during the second quarter, worth approximately $2.74 million and representing 1.4% of its portfolio. Institutional investors collectively own 77.54% of the company.
• Mosaic’s latest quarterly results showed adjusted earnings of $0.13 per share, slightly exceeding estimates, but revenue fell 6% year over year to $2.82 billion and missed expectations.
• The company declared a quarterly dividend of $0.22, equivalent to an annualized $0.88 payout and a 3.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $27.17, compared with the stock’s reported $26.21 price.

Core Capital Management & Research inc. bought a new position in The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 129,343 shares of the basic materials company's stock, valued at approximately $2,741,000. Mosaic comprises approximately 1.4% of Core Capital Management & Research inc.'s investment portfolio, making the stock its 27th biggest position.

A number of other large investors have also added to or reduced their stakes in MOS. Fortress Financial Group LLC purchased a new position in shares of Mosaic in the 2nd quarter worth $269,000. CYBER HORNET ETFs LLC purchased a new stake in Mosaic during the second quarter valued at $31,000. MUFG Securities EMEA plc purchased a new stake in Mosaic during the second quarter valued at $34,000. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 601 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 525 shares during the period. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 1.2%

MOS stock opened at $26.21 on Thursday. The business's 50-day moving average price is $22.99 and its 200-day moving average price is $23.83. The stock has a market cap of $8.33 billion, a P/E ratio of -12.98, a PEG ratio of 4.80 and a beta of 0.83. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99.

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 the consensus estimate of $0.12 by $0.01. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 annualized dividend and a yield of 3.4%. Mosaic's dividend payout ratio is currently -43.56%.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the firm's 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 directly owned 116,198 shares of the company's stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MOS. Morgan Stanley cut their price target on Mosaic from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and lowered their price objective for the stock from $28.00 to $27.00 in a research note on Wednesday, May 13th. Weiss Ratings reissued a "sell (d)" rating on shares of Mosaic in a report on Friday, August 7th. Barclays cut their target price on shares of Mosaic from $31.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, May 18th. Finally, Mizuho set a $25.00 target price on shares of Mosaic in a report on Wednesday, August 5th. Seven equities 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 company's stock. Based on data from MarketBeat, Mosaic has a consensus rating of "Hold" and a consensus target price of $27.17.

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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