K.J. Harrison & Partners Inc Acquires Shares of 46,000 The Mosaic Company $MOS

K.J. Harrison & Partners Inc acquired a new stake in shares of The Mosaic Company (NYSE:MOS) in the fourth quarter, Holdings Channel.com reports. The firm acquired 46,000 shares of the basic materials company’s stock, valued at approximately $1,108,000.

A number of other institutional investors have also modified their holdings of the stock. Stevens Capital Management LP purchased a new position in shares of Mosaic during the 4th quarter valued at about $263,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Mosaic by 18.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 415,927 shares of the basic materials company’s stock valued at $10,406,000 after buying an additional 64,687 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Mosaic by 9.5% during the 4th quarter. Jennison Associates LLC now owns 267,722 shares of the basic materials company’s stock valued at $6,449,000 after buying an additional 23,297 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Mosaic by 1.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 113,650 shares of the basic materials company’s stock valued at $2,738,000 after buying an additional 1,999 shares during the last quarter. Finally, Keybank National Association OH raised its stake in shares of Mosaic by 17.7% during the 4th quarter. Keybank National Association OH now owns 60,662 shares of the basic materials company’s stock valued at $1,461,000 after buying an additional 9,131 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

NYSE:MOS opened at $22.92 on Friday. The Mosaic Company has a 12 month low of $22.74 and a 12 month high of $38.23. The stock has a 50 day moving average of $25.63 and a two-hundred day moving average of $26.17. 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 firm has a market cap of $7.28 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.

Mosaic (NYSE:MOS) last posted its quarterly earnings data 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 return on equity of 5.80% and a net margin of 4.49%.The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the firm posted $0.45 earnings per share. Mosaic’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that The Mosaic Company will post 1.56 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, May 21st. Mosaic’s payout ratio is 52.07%.

Wall Street Analyst Weigh In

MOS has been the subject of a number of recent research reports. Royal Bank Of Canada set a $28.00 price objective on Mosaic and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 7th. Barclays restated an “equal weight” rating and issued a $31.00 price target on shares of Mosaic in a research note on Tuesday, March 3rd. Scotiabank cut their price target on Mosaic from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, April 20th. Finally, Mizuho cut their price target on Mosaic from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.31.

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.