Empowered Funds LLC Buys Shares of 43,833 The Mosaic Company $MOS

Key Points

• Empowered Funds LLC acquired 43,833 shares of The Mosaic Company during the second quarter, valued at approximately $929,000. Institutional investors collectively own 77.54% of MOS.
• Mosaic’s latest quarter showed mixed results: earnings per share came in slightly above estimates at $0.13, while revenue fell 6% year over year to $2.82 billion, below analyst expectations.
• The company declared a quarterly dividend of $0.22 per share, equal 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.

Empowered Funds LLC bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,833 shares of the basic materials company's stock, valued at approximately $929,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Mosaic by 169.3% during 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 last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Mosaic in the 2nd quarter valued at about $31,000. SJS Investment Consulting Inc. grew its holdings in shares of Mosaic by 72.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock worth $32,000 after purchasing an additional 525 shares during the period. Gen Wealth Partners Inc acquired a new stake in Mosaic during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc purchased a new position in Mosaic in the second quarter valued at approximately $34,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Up 1.3%

Mosaic stock opened at $25.83 on Friday. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $36.99. 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 stock has a market capitalization of $8.21 billion, a PE ratio of -12.79, a price-to-earnings-growth ratio of 4.61 and a beta of 0.83. The firm has a 50 day simple moving average of $22.72 and a 200-day simple moving average of $23.95.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company's revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

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 $0.22 dividend. 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 dividend payout ratio is currently -43.56%.

Wall Street Analysts Forecast Growth

MOS has been the subject of several research reports. Rothschild & Co Redburn started coverage on shares of Mosaic in a research note on Friday, June 26th. They set a "buy" rating and a $30.00 price objective for the company. Freedom Capital cut shares of Mosaic from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, August 13th. Barclays decreased 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 note on Monday, May 18th. HSBC cut their price target on Mosaic from $26.00 to $23.00 and set a "hold" rating on the stock in a research note on Thursday, June 18th. Finally, Wells Fargo & Company lowered their price objective on Mosaic from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of "Hold" and an average target price of $27.17.

Insider Activity at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the 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 sale, the senior vice president owned 116,198 shares in the company, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

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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