Marex Group plc Buys New Position in The Mosaic Company $MOS

Marex Group plc purchased a new stake in The Mosaic Company (NYSE:MOS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 92,462 shares of the basic materials company’s stock, valued at approximately $3,373,000.

A number of other large investors have also modified their holdings of the business. Scotia Capital Inc. grew its holdings in Mosaic by 395.1% during the second quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock worth $3,194,000 after acquiring an additional 69,873 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Mosaic by 65.7% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after purchasing an additional 62,338 shares during the period. US Bancorp DE grew its stake in shares of Mosaic by 204.1% during the 2nd quarter. US Bancorp DE now owns 43,080 shares of the basic materials company’s stock worth $1,572,000 after purchasing an additional 28,912 shares during the period. Vinva Investment Management Ltd purchased a new position in shares of Mosaic during the 2nd quarter valued at approximately $621,000. Finally, HB Wealth Management LLC acquired a new position in shares of Mosaic in the 2nd quarter valued at $252,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays dropped their price target on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Bank of America cut their price target on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Royal Bank Of Canada set a $27.00 price target on Mosaic in a research report on Wednesday. Wells Fargo & Company assumed coverage on Mosaic in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 price objective on the stock. Finally, UBS Group reduced their target price on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.13.

Mosaic Price Performance

Shares of Mosaic stock opened at $26.17 on Friday. The stock has a market capitalization of $8.31 billion, a P/E ratio of 6.78, a PEG ratio of 0.63 and a beta of 0.94. The business has a 50 day simple moving average of $27.10 and a two-hundred day simple moving average of $32.11. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid 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, December 4th. Mosaic’s dividend payout ratio (DPR) is currently 22.80%.

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.