Moore Capital Management LP Cuts Stake in The Mosaic Company $MOS

Moore Capital Management LP lowered its holdings in shares of The Mosaic Company (NYSE:MOS) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 274,433 shares of the basic materials company’s stock after selling 93,602 shares during the period. Moore Capital Management LP owned about 0.09% of Mosaic worth $9,517,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Mosaic by 6.7% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,383 shares of the basic materials company’s stock valued at $776,000 after buying an additional 1,405 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in shares of Mosaic by 43.8% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 105,123 shares of the basic materials company’s stock valued at $3,646,000 after acquiring an additional 32,000 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Mosaic by 184.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,191 shares of the basic materials company’s stock valued at $700,000 after acquiring an additional 13,094 shares during the last quarter. Humankind Investments LLC boosted its holdings in Mosaic by 13.4% during the 3rd quarter. Humankind Investments LLC now owns 60,946 shares of the basic materials company’s stock valued at $2,114,000 after acquiring an additional 7,189 shares during the period. Finally, Focus Partners Wealth grew its position in Mosaic by 48.0% during the 3rd quarter. Focus Partners Wealth now owns 87,281 shares of the basic materials company’s stock worth $3,027,000 after acquiring an additional 28,312 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Oppenheimer set a $35.00 price target on Mosaic in a research note on Friday, January 16th. Bank of America dropped their price objective on Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. BNP Paribas Exane cut their target price on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. HSBC decreased their target price on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.94.

Mosaic Stock Performance

Shares of MOS stock opened at $27.68 on Tuesday. The company’s fifty day moving average price is $27.94 and its 200-day moving average price is $28.30. The stock has a market cap of $8.79 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.86 and a beta of 0.95. 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 Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the company posted $0.45 EPS. Mosaic’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s 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.