SG Americas Securities LLC Buys 649,490 Shares of The Mosaic Company $MOS

SG Americas Securities LLC lifted its stake in The Mosaic Company (NYSE:MOS) by 764.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 734,482 shares of the basic materials company’s stock after acquiring an additional 649,490 shares during the quarter. SG Americas Securities LLC’s holdings in Mosaic were worth $17,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Mosaic in the 4th quarter valued at about $1,302,000. AIA Group Ltd lifted its stake in Mosaic by 53.9% in the 3rd quarter. AIA Group Ltd now owns 43,643 shares of the basic materials company’s stock valued at $1,514,000 after purchasing an additional 15,290 shares during the last quarter. IFP Advisors Inc grew its holdings in Mosaic by 40.5% during the third quarter. IFP Advisors Inc now owns 4,150 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,196 shares during the period. Groupama Asset Managment grew its holdings in Mosaic by 211.6% during the third quarter. Groupama Asset Managment now owns 32,795 shares of the basic materials company’s stock worth $1,137,000 after purchasing an additional 22,270 shares during the period. Finally, Investment Research Partners LLC acquired a new position in Mosaic during the third quarter worth approximately $629,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE:MOS opened at $24.98 on Friday. The stock has a market cap of $7.93 billion, a P/E ratio of 14.78, a PEG ratio of 2.55 and a beta of 0.95. The stock has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $27.92. 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 1-year low of $22.36 and a 1-year high of $38.23.

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

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, May 21st. Mosaic’s dividend payout ratio is presently 52.07%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MOS. Oppenheimer set a $35.00 price objective on Mosaic in a research report on Friday, January 16th. The Goldman Sachs Group boosted their target price on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Bank of America cut Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Friday, March 20th. Wolfe Research cut their price target on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.40.

Mosaic 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.