Van ECK Associates Corp lowered its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 47.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,822 shares of the basic materials company's stock after selling 753,180 shares during the period. Van ECK Associates Corp owned approximately 0.26% of Mosaic worth $17,330,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MOS. Vanguard Group Inc. boosted its stake in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company's stock valued at $942,477,000 after purchasing an additional 461,524 shares during the period. BlackRock Inc. purchased a new stake in Mosaic during the 2nd quarter worth $524,484,000. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company's stock worth $363,110,000 after buying an additional 832,914 shares in the last quarter. State Street Corp lifted its holdings in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company's stock worth $317,379,000 after buying an additional 240,146 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company's stock valued at $285,235,000 after buying an additional 2,653,969 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on MOS shares. Weiss Ratings restated a "sell (d)" rating on shares of Mosaic in a research note on Friday, August 7th. Berenberg Bank cut their price target on Mosaic from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Tuesday, May 19th. Freedom Capital downgraded Mosaic from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lowered their price objective on Mosaic from $24.00 to $19.00 and set an "underweight" rating for the company in a research note on Tuesday, May 12th. Finally, HSBC dropped their price objective on Mosaic from $26.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday, June 18th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Mosaic has an average rating of "Hold" and a consensus price target of $27.17.
View Our Latest Research Report on MOS
Mosaic Price Performance
MOS opened at $23.64 on Monday. The company has a market capitalization of $7.52 billion, a P/E ratio of -11.70, a PEG ratio of 4.27 and a beta of 0.82. The company has a 50-day moving average of $22.36 and a 200-day moving average of $24.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. 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 issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. Equities analysts expect that The Mosaic Company will post 0.54 EPS for the current fiscal year.
Mosaic Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic's dividend payout ratio (DPR) is currently -43.56%.
Insider Activity at Mosaic
In other news, SVP Walter F. Precourt III sold 23,000 shares of Mosaic stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares in the company, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company's stock.
About Mosaic
(
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.
See Also
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