Caisse de depot et placement du Quebec Buys New Stake in The Mosaic Company $MOS

Caisse de depot et placement du Quebec bought a new stake in shares of The Mosaic Company (NYSE:MOS) during the second quarter, HoldingsChannel reports. The fund bought 741,964 shares of the basic materials company’s stock, valued at approximately $15,722,000.

Several other hedge funds also recently bought and sold shares of MOS. BlackRock Inc. acquired a new position in shares of Mosaic in the second quarter worth $524,484,000. Donald Smith & CO. Inc. acquired a new stake in shares of Mosaic during the second quarter valued at $163,662,000. AQR Capital Management LLC boosted its stake in shares of Mosaic by 632.6% during the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after acquiring an additional 7,294,205 shares during the last quarter. Norges Bank purchased a new stake in Mosaic during the 4th quarter worth about $103,129,000. Finally, Deutsche Bank AG purchased a new stake in Mosaic during the 2nd quarter worth about $73,112,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the transaction, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $23.64 on Friday. The business’s 50-day moving average price is $22.36 and its 200 day moving average price is $24.11. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The company has a market capitalization of $7.52 billion, a PE ratio of -11.70, a price-to-earnings-growth ratio of 4.30 and a beta of 0.82.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. On average, research analysts predict that The Mosaic Company will post 0.54 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, September 10th. Mosaic’s payout ratio is presently -43.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MOS. The Goldman Sachs Group cut their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Morgan Stanley decreased their price target on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 30th. Scotiabank reissued an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Tuesday, May 19th. UBS Group reduced their price objective on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Finally, Berenberg Bank decreased their target price on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $27.17.

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.