Legal & General Group Plc bought a new position in The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 760,316 shares of the basic materials company's stock, valued at approximately $16,113,000. Legal & General Group Plc owned about 0.24% of Mosaic as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Mosaic in the 2nd quarter valued at $524,484,000. Donald Smith & CO. Inc. purchased a new position in shares of Mosaic in the 2nd quarter worth $163,662,000. AQR Capital Management LLC boosted its holdings in Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company's stock valued at $291,348,000 after acquiring an additional 7,294,205 shares during the last quarter. Norges Bank purchased a new stake in Mosaic during the fourth quarter valued at about $103,129,000. Finally, Deutsche Bank AG acquired a new stake in Mosaic during the second quarter worth about $73,112,000. Institutional investors and hedge funds own 77.54% of the company's stock.
Insider Activity at Mosaic
In other news, SVP Walter F. Precourt III sold 23,000 shares of the firm'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 completion of the sale, the senior vice president owned 116,198 shares of the company's stock, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a research note on Tuesday, May 12th. Weiss Ratings reissued a "sell (d)" rating on shares of Mosaic in a research report on Friday, August 7th. Morgan Stanley reduced their price objective on Mosaic from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 30th. Scotiabank reiterated an "outperform" rating and issued a $30.00 target price on shares of Mosaic in a research note on Tuesday, May 19th. Finally, Freedom Capital downgraded Mosaic from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Mosaic presently has an average rating of "Hold" and a consensus price target of $27.17.
Check Out Our Latest Report on Mosaic
Mosaic Stock Performance
NYSE:MOS opened at $23.64 on Monday. The firm has a 50-day moving average of $22.36 and a two-hundred day moving average of $24.08. 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 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 Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99.
Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 positive return on equity of 3.77% and a negative net margin of 5.21%.The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, research analysts expect that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.
Mosaic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, September 10th. Mosaic's dividend payout ratio is -43.56%.
Mosaic Profile
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Free Report)
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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