The Mosaic Company $MOS Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in The Mosaic Company by 44.7%, selling 87,823 shares and leaving it with 108,699 shares valued at about $2.62 million.
• Mosaic missed quarterly expectations, reporting EPS of $0.22 vs. $0.48 expected and revenue of $2.97 billion vs. $3.02 billion, and the stock carries a consensus "Hold" rating with a $29.40 price target amid multiple recent downgrades.
• Mosaic declared a quarterly dividend of $0.22 (annualized $0.88) for a yield of about 3.8%, with an ex-dividend date of May 21 and payment on June 2.

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 44.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,699 shares of the basic materials company's stock after selling 87,823 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Mosaic were worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. NewEdge Advisors LLC increased its stake in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 380 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its position in Mosaic by 54.3% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company's stock worth $40,000 after buying an additional 407 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Mosaic by 57.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 415 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Mosaic by 0.9% in the third quarter. Pinnacle Associates Ltd. now owns 47,593 shares of the basic materials company's stock valued at $1,651,000 after purchasing an additional 432 shares during the period. Finally, Citizens Financial Group Inc. RI grew its position in shares of Mosaic by 7.1% in the third quarter. Citizens Financial Group Inc. RI now owns 6,853 shares of the basic materials company's stock valued at $238,000 after purchasing an additional 456 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of research analyst reports. UBS Group cut Mosaic from a "buy" rating to a "neutral" rating and reduced their target price for the company from $33.00 to $27.00 in a report on Thursday, March 26th. Barclays restated an "equal weight" rating and set a $31.00 price objective on shares of Mosaic in a research note on Tuesday, March 3rd. Freedom Capital cut Mosaic from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 19th. Scotiabank cut their price target on Mosaic from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered Mosaic from a "neutral" rating to an "underweight" rating and set a $24.00 price objective for the company. in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.40.

Mosaic Stock Performance

Shares of NYSE MOS opened at $22.97 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $25.96 and a 200-day simple moving average of $26.30. The company has a market cap of $7.29 billion, a PE ratio of 13.59, a P/E/G ratio of 1.39 and a beta of 0.79. The Mosaic Company has a 12-month low of $22.74 and a 12-month high of $38.23.

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

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, May 21st. Mosaic's dividend payout ratio is 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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