Ninety One UK Ltd Buys 117,051 Shares of The Mosaic Company $MOS

Key Points

• Ninety One UK Ltd increased its stake in The Mosaic Company by 19.2%, acquiring 117,051 shares in the second quarter, bringing its total ownership to 726,265 shares valued at approximately $26.5 million.
• Several institutional investors have significantly increased their positions in Mosaic, with Truist Financial Corp boosting its stake by an astonishing 13,275.9% during the same period.
• Mosaic's recent earnings report showed an EPS of $0.51, missing estimates, with revenues of $3.01 billion, alongside a declared quarterly dividend of $0.22 per share.

Ninety One UK Ltd lifted its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 726,265 shares of the basic materials company's stock after acquiring an additional 117,051 shares during the period. Ninety One UK Ltd owned approximately 0.23% of Mosaic worth $26,494,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management UK Ltd. grew its position in Mosaic by 525.0% in the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 25,000 shares of the basic materials company's stock valued at $912,000 after purchasing an additional 21,000 shares in the last quarter. Truist Financial Corp grew its position in shares of Mosaic by 13,275.9% in the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company's stock valued at $73,793,000 after acquiring an additional 2,007,717 shares during the period. Greenleaf Trust grew its position in shares of Mosaic by 15.2% in the 2nd quarter. Greenleaf Trust now owns 18,161 shares of the basic materials company's stock valued at $663,000 after acquiring an additional 2,395 shares during the period. HB Wealth Management LLC bought a new position in shares of Mosaic in the 2nd quarter valued at about $252,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Mosaic in the 2nd quarter valued at about $10,934,000. Institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

MOS has been the subject of a number of analyst reports. Zacks Research raised shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Oppenheimer reissued an "outperform" rating and issued a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. UBS Group lifted their price objective on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Finally, Scotiabank decreased their price objective on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Price Performance

Shares of Mosaic stock opened at $34.64 on Wednesday. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $33.82 and a two-hundred day simple moving average of $32.70. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the business earned $0.54 earnings per share. Mosaic's quarterly revenue was up 6.7% compared to the same quarter last year. Analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. Mosaic's payout ratio is 29.83%.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.

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