Nykredit A S Takes Position in The Mosaic Company $MOS

Key Points

• Nykredit A/S acquired 3.69 million Mosaic shares worth approximately $78.3 million, giving it a 1.16% stake. Institutional investors and hedge funds collectively own 77.54% of the company.
• Analyst sentiment remains mixed, with Mosaic holding a consensus “Hold” rating and an average price target of $27.17. Recent actions included target-price cuts from BMO Capital Markets and Morgan Stanley, alongside upgrades and downgrades from other firms.
• Mosaic slightly exceeded quarterly EPS expectations at $0.13 but missed revenue estimates, reporting $2.82 billion, down 6% year over year. The company declared a quarterly dividend of $0.22 per share, equating to a 3.6% annualized yield.

Nykredit A S acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,692,973 shares of the basic materials company's stock, valued at approximately $78,254,000. Nykredit A S owned about 1.16% of Mosaic at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings 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 acquiring an additional 525 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Mosaic in the second quarter valued at $32,000. Global Retirement Partners LLC acquired a new position in shares of Mosaic in the 2nd quarter valued at $46,000. Westpac Banking Corp acquired a new position in shares of Mosaic in the 4th quarter valued at $61,000. Finally, Root Financial Partners LLC grew its holdings in shares of Mosaic by 291.2% during the 1st quarter. Root Financial Partners LLC now owns 3,407 shares of the basic materials company's stock worth $87,000 after purchasing an additional 2,536 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOS has been the subject of a number of recent analyst reports. Zacks Research raised Mosaic from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. Freedom Capital lowered shares of Mosaic from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, August 13th. BMO Capital Markets lowered their target price on shares of Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th. Morgan Stanley dropped their price target on shares of Mosaic from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Mosaic in a research note on Friday, August 7th. Seven 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's stock. According to data from MarketBeat.com, Mosaic currently has a consensus rating of "Hold" and an average price target of $27.17.

Mosaic Price Performance

MOS opened at $24.52 on Friday. The stock's 50-day moving average price is $23.56 and its 200 day moving average price is $23.72. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $36.99. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of -12.14, a PEG ratio of 4.70 and a beta of 0.83. 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 issued its quarterly 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 company 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%. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, sell-side analysts expect that The Mosaic Company will post 0.53 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic's dividend payout ratio is presently -43.56%.

Insiders Place Their Bets

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the 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 $2,570,299.76. This represents a 16.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

Mosaic Profile

The Mosaic Company NYSE: MOS is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to replenish essential nutrients in soil and support agricultural yields. The company also produces animal feed ingredients and other phosphorus-based products derived from its phosphate operations.

Mosaic's operations span the production, processing, distribution and marketing of crop nutrients. Its phosphate business is supported by phosphate rock mining and processing operations, while its potash business includes mining and processing facilities in Canada and the United States.

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