Shilanski & Associates Inc. Takes $2.02 Million Position in The Mosaic Company $MOS

Shilanski & Associates Inc. purchased a new position in The Mosaic Company (NYSE:MOS) during the third quarter, Holdings Channel.com reports. The fund purchased 58,374 shares of the basic materials company’s stock, valued at approximately $2,024,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Mosaic in the second quarter worth $158,085,000. Truist Financial Corp grew its stake in shares of Mosaic by 13,275.9% during the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after acquiring an additional 2,007,717 shares during the period. Merewether Investment Management LP purchased a new stake in Mosaic in the 2nd quarter worth about $72,380,000. Bank of New York Mellon Corp increased its holdings in Mosaic by 100.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock worth $138,867,000 after acquiring an additional 1,912,064 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Mosaic by 1,298.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,157,804 shares of the basic materials company’s stock valued at $42,237,000 after acquiring an additional 1,075,038 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $24.16 on Wednesday. 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. The firm has a market capitalization of $7.67 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.59 and a beta of 0.94. The firm’s 50 day simple moving average is $25.34 and its 200 day simple moving average is $31.11.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’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 EPS. As a group, analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, March 9th. Mosaic’s dividend payout ratio is currently 22.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MOS shares. JPMorgan Chase & Co. cut their target price on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Wells Fargo & Company assumed coverage on shares of Mosaic in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a research note on Monday. Royal Bank Of Canada set a $27.00 target price on Mosaic in a research report on Wednesday, December 10th. Finally, Barclays cut their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.73.

About Mosaic

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.