Wellington Management Group LLP Raises Position in The Mosaic Company $MOS

Key Points

• Wellington Management increased its Mosaic stake by 8.8% in the second quarter, adding 221,728 shares and bringing its holdings to 2.76 million shares valued at approximately $58.4 million. Institutional investors collectively own 77.54% of MOS.
• Mosaic reported quarterly EPS of $0.13, slightly above estimates, but revenue of $2.82 billion fell short of expectations and declined 6% year over year. An SVP also sold 23,000 shares, while the stock opened at $25.58.
• The company declared a quarterly dividend of $0.22 per share, equivalent to $0.88 annually and a 3.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $27.17.

Wellington Management Group LLP grew its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,755,216 shares of the basic materials company's stock after acquiring an additional 221,728 shares during the period. Wellington Management Group LLP owned about 0.87% of Mosaic worth $58,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC grew its stake in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock worth $47,000 after purchasing an additional 380 shares in the last quarter. United Services Automobile Association acquired a new stake in Mosaic in the 1st quarter valued at about $201,000. Empowered Funds LLC boosted its stake in shares of Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company's stock valued at $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP boosted its stake in shares of Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company's stock valued at $725,000 after buying an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after buying an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In other news, SVP Walter 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 transaction, the senior vice president directly owned 116,198 shares in the company, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company's stock.

Mosaic Stock Down 0.8%

MOS opened at $25.58 on Friday. The Mosaic Company has a one year low of $19.80 and a one year high of $36.99. 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 stock has a market capitalization of $8.13 billion, a P/E ratio of -12.66, a price-to-earnings-growth ratio of 4.66 and a beta of 0.83. The business's 50-day simple moving average is $22.65 and its 200-day simple moving average is $23.93.

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, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to analysts' expectations of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business's revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Analysts anticipate that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic's dividend payout ratio is presently -43.56%.

Analyst Ratings Changes

MOS has been the topic of a number of recent research reports. Weiss Ratings restated a "sell (d)" rating on shares of Mosaic in a research note on Friday, August 7th. HSBC lowered their price target on shares of Mosaic from $26.00 to $23.00 and set a "hold" rating for the company in a report on Thursday, June 18th. UBS Group dropped their price objective on shares of Mosaic from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 12th. Rothschild & Co Redburn assumed coverage on Mosaic in a report on Friday, June 26th. They issued a "buy" rating and a $30.00 price objective on the stock. Finally, BMO Capital Markets cut their target price on Mosaic from $31.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. 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's stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of "Hold" and an average target price of $27.17.

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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