K.J. Harrison & Partners Inc Buys Shares of 46,000 The Mosaic Company $MOS

Key Points

• K.J. Harrison & Partners bought a new stake of 46,000 shares of The Mosaic Company in Q4, about $1.11 million, and institutional investors now own roughly 77.54% of the stock.
• Analyst sentiment is muted with a MarketBeat consensus rating of "Hold" and a $29.31 target, amid recent downgrades and price-target cuts from firms including UBS and Bank of America.
• Mosaic recently missed quarterly EPS estimates ($0.22 vs. $0.48) and reported slightly lower revenue, but it pays a quarterly dividend of $0.22 (annualized $0.88) for a 3.8% dividend yield.

K.J. Harrison & Partners Inc bought a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,000 shares of the basic materials company's stock, valued at approximately $1,108,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MOS. Stevens Capital Management LP acquired a new stake in shares of Mosaic in the 4th quarter worth $263,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Mosaic by 18.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 415,927 shares of the basic materials company's stock worth $10,406,000 after purchasing an additional 64,687 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Mosaic by 9.5% in the 4th quarter. Jennison Associates LLC now owns 267,722 shares of the basic materials company's stock worth $6,449,000 after purchasing an additional 23,297 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Mosaic by 1.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 113,650 shares of the basic materials company's stock worth $2,738,000 after purchasing an additional 1,999 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of Mosaic by 17.7% in the 4th quarter. Keybank National Association OH now owns 60,662 shares of the basic materials company's stock worth $1,461,000 after purchasing an additional 9,131 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MOS shares. UBS Group cut Mosaic from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $33.00 to $27.00 in a research report on Thursday, March 26th. Barclays reissued an "equal weight" rating and issued a $31.00 price objective on shares of Mosaic in a research report on Tuesday, March 3rd. Bank of America cut Mosaic from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $33.00 to $30.00 in a research report on Friday, March 20th. Wells Fargo & Company lowered their price objective on Mosaic from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Finally, Scotiabank lowered their price objective on Mosaic from $35.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Mosaic currently has a consensus rating of "Hold" and a consensus target price of $29.31.

Mosaic Stock Performance

Shares of MOS opened at $22.92 on Friday. The stock has a 50-day moving average of $25.63 and a two-hundred day moving average of $26.17. The Mosaic Company has a one year low of $22.74 and a one year high of $38.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The stock has a market cap of $7.28 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.41 and a beta of 0.79.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm posted $0.45 EPS. The business's revenue was up 5.6% compared to the same quarter last year. As a group, research analysts predict that The Mosaic Company will post 1.56 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.8%. Mosaic's dividend payout ratio (DPR) is presently 52.07%.

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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