Jupiter Topco LLC Buys Shares of 293,884 The Mosaic Company $MOS

Key Points

• Jupiter Topco LLC acquired 293,884 Mosaic shares worth approximately $6.23 million during the second quarter, giving it a 0.09% stake. Institutional investors collectively own 77.54% of the company.
• Analyst sentiment is mixed, with Mosaic carrying a consensus “Hold” rating and an average price target of $27.17; recent target reductions and rating changes included a $19 underweight target from JPMorgan and a $23 hold target from HSBC.
• 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, representing a 3.6% annualized yield.

Jupiter Topco LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 293,884 shares of the basic materials company's stock, valued at approximately $6,229,000. Jupiter Topco LLC owned about 0.09% of Mosaic at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Fortress Financial Group LLC acquired a new stake in Mosaic during the 2nd quarter worth approximately $269,000. CYBER HORNET ETFs LLC bought a new stake in Mosaic during the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new position in Mosaic in the 2nd quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised 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. Finally, SJS Investment Consulting Inc. raised its stake in shares of Mosaic by 72.9% during 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 last quarter. Institutional investors own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Freedom Capital cut shares of Mosaic from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, August 13th. HSBC lowered their target price on Mosaic from $26.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, June 18th. Scotiabank reiterated an "outperform" rating and issued a $30.00 price target on shares of Mosaic in a research report on Tuesday, May 19th. JPMorgan Chase & Co. reduced their price target on Mosaic from $24.00 to $19.00 and set an "underweight" rating on the stock in a research report on Tuesday, May 12th. Finally, Zacks Research raised Mosaic from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Mosaic has a consensus rating of "Hold" and an average price target of $27.17.

Mosaic Trading Up 2.4%

MOS opened at $24.17 on Tuesday. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The company has a fifty day moving average of $22.40 and a 200-day moving average of $24.03. The stock has a market cap of $7.68 billion, a PE ratio of -11.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.82. The company has a quick ratio of 0.43, a current ratio of 1.34 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 earnings per share (EPS) 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 analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. Mosaic's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, sell-side analysts predict that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic's payout ratio is currently -43.56%.

Insider Activity

In related news, SVP Walter F. Precourt III sold 23,000 shares of the company'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 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 Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

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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