Corient Private Wealth LP Takes $946,000 Position in The Mosaic Company $MOS

Key Points

• Corient Private Wealth LP acquired 497,088 Mosaic shares worth approximately $946,000, giving it a 0.16% stake. Institutional investors and hedge funds collectively own 77.54% of MOS.
• Analyst sentiment is mixed, with seven Buy, eleven Hold, and three Sell ratings; MarketBeat reports a consensus rating of Hold and an average price target of $27.17.
• Mosaic slightly beat quarterly EPS expectations at $0.13, but revenue fell 6% year over year to $2.82 billion. The company declared a quarterly dividend of $0.22 per share, implying a 3.4% yield.

Corient Private Wealth LP acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 497,088 shares of the basic materials company's stock, valued at approximately $946,000. Corient Private Wealth LP owned approximately 0.16% of Mosaic as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Mosaic in the 2nd quarter worth $524,484,000. Donald Smith & CO. Inc. acquired a new stake in shares of Mosaic in the 2nd quarter valued at about $163,662,000. AQR Capital Management LLC raised its stake in shares of Mosaic by 632.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company's stock valued at $291,348,000 after purchasing an additional 7,294,205 shares during the period. Norges Bank acquired a new stake in shares of Mosaic in the 4th quarter valued at about $103,129,000. Finally, Deutsche Bank AG bought a new stake in shares of Mosaic in the second quarter valued at about $73,112,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MOS shares. The Goldman Sachs Group reduced their price objective on Mosaic from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. HSBC dropped their target price on Mosaic from $26.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday, June 18th. Rothschild & Co Redburn assumed coverage on Mosaic in a research report on Friday, June 26th. They set a "buy" rating and a $30.00 price target for the company. BMO Capital Markets decreased their price target on shares of Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Mosaic from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.17.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is owned by company insiders.

Mosaic Trading Up 1.3%

Mosaic stock opened at $25.83 on Friday. The company has a market cap of $8.21 billion, a price-to-earnings ratio of -12.79, a P/E/G ratio of 4.68 and a beta of 0.83. The firm has a 50-day moving average of $22.72 and a 200-day moving average of $23.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The Mosaic Company has a one year low of $19.80 and a one year high of $36.99.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. Mosaic's quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts expect 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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. Mosaic's payout ratio 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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