Managed Asset Portfolios LLC Purchases 41,084 Shares of The Mosaic Company $MOS

Managed Asset Portfolios LLC boosted its position in The Mosaic Company (NYSE:MOS) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 695,511 shares of the basic materials company’s stock after purchasing an additional 41,084 shares during the quarter. Mosaic comprises about 3.0% of Managed Asset Portfolios LLC’s portfolio, making the stock its 15th biggest holding. Managed Asset Portfolios LLC’s holdings in Mosaic were worth $24,120,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares in the last quarter. Rothschild Investment LLC increased its position in Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Rexford Capital Inc. acquired a new stake in Mosaic in the 2nd quarter worth about $28,000. True Wealth Design LLC raised its stake in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Mosaic in the 2nd quarter valued at about $31,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Mosaic stock opened at $26.78 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The stock has a market capitalization of $8.50 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The stock has a fifty day moving average of $27.33 and a 200-day moving average of $28.63.

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

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. Mosaic’s payout ratio is 52.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their price objective on Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. BNP Paribas Exane cut their target price on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Oppenheimer set a $35.00 price target on Mosaic in a research report on Friday, January 16th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus price target of $30.94.

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.