Ninety One UK Ltd Trims Position in The Mosaic Company $MOS

Ninety One UK Ltd cut its stake in shares of The Mosaic Company (NYSE:MOS) by 10.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 653,767 shares of the basic materials company’s stock after selling 72,498 shares during the period. Ninety One UK Ltd’s holdings in Mosaic were worth $22,673,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Trexquant Investment LP bought a new stake in Mosaic during the 1st quarter worth approximately $1,248,000. Ancora Advisors LLC grew its position in shares of Mosaic by 0.9% during the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company’s stock valued at $1,087,000 after purchasing an additional 350 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Mosaic by 5.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 920,000 shares of the basic materials company’s stock worth $24,849,000 after purchasing an additional 45,000 shares during the period. KADENSA CAPITAL Ltd bought a new position in shares of Mosaic in the first quarter worth $7,026,000. Finally, Invenomic Capital Management LP purchased a new stake in shares of Mosaic in the first quarter worth $9,906,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

Shares of NYSE MOS opened at $24.09 on Friday. The stock’s 50-day moving average is $25.12 and its 200 day moving average is $31.02. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.59 and a beta of 0.94. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. Mosaic’s dividend payout ratio is 22.80%.

Analysts Set New Price Targets

MOS has been the subject of several research analyst reports. HSBC dropped their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, November 24th. JPMorgan Chase & Co. dropped their price target on Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Wall Street Zen lowered Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. CIBC lowered their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Barclays dropped their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.73.

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.