Freestone Grove Partners LP Makes New Investment in The Mosaic Company $MOS

Key Points

• Freestone Grove Partners acquired 61,309 shares of The Mosaic Company during the second quarter, valued at approximately $1.3 million. Institutional investors collectively own 77.54% of MOS.
• Analyst sentiment remains mixed, with Mosaic receiving a consensus “Hold” rating and an average price target of $27.17; recent targets range from $23 to $30.
• Mosaic reported quarterly EPS of $0.13, slightly above estimates, but revenue fell 6% year over year to $2.82 billion. The company declared a quarterly dividend of $0.22 per share, representing a 3.7% annualized yield.

Freestone Grove Partners LP purchased a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 61,309 shares of the basic materials company's stock, valued at approximately $1,299,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MOS. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after purchasing an additional 601 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Mosaic in the second quarter valued at approximately $31,000. SJS Investment Consulting Inc. raised its position 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 purchasing an additional 525 shares during the period. Gen Wealth Partners Inc acquired a new position in Mosaic during the fourth quarter worth $32,000. Finally, MUFG Securities EMEA plc acquired a new position in Mosaic during the second quarter worth $34,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 in the company, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

MOS has been the subject of several research analyst reports. 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. HSBC lowered their target price on Mosaic from $26.00 to $23.00 and set a "hold" rating for the company in a report on Thursday, June 18th. Berenberg Bank dropped their target price on Mosaic from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Tuesday, May 19th. 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. Finally, Scotiabank reiterated an "outperform" rating and set a $30.00 price target on shares of Mosaic in a research note on Tuesday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of "Hold" and an average price target of $27.17.

Mosaic Stock Down 0.5%

Shares of NYSE MOS opened at $23.64 on Friday. The stock has a market cap of $7.52 billion, a P/E ratio of -11.70, a PEG ratio of 4.27 and a beta of 0.82. The business's fifty day simple moving average is $22.36 and its 200-day simple moving average is $24.11. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $36.99. 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 released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping 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 firm had revenue of $2.82 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the firm posted $0.51 EPS. Mosaic's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts predict that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. Mosaic's payout ratio is currently -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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