The Mosaic Company $MOS Stock Position Decreased by Van ECK Associates Corp

Van ECK Associates Corp decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 47.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,822 shares of the basic materials company’s stock after selling 753,180 shares during the quarter. Van ECK Associates Corp’s holdings in Mosaic were worth $17,330,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC grew its holdings in shares of Mosaic by 2.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 380 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the last quarter. M&T Bank Corp boosted its position in Mosaic by 2.3% during the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock valued at $508,000 after purchasing an additional 466 shares during the period. Geneos Wealth Management Inc. boosted its position in Mosaic by 51.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 491 shares during the period. Finally, Fulcrum Asset Management LLP grew its stake in Mosaic by 17.2% during the 4th quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock worth $85,000 after buying an additional 518 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley dropped their target price on Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Mizuho set a $25.00 price target on shares of Mosaic in a research report on Wednesday, August 5th. Scotiabank reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Tuesday, May 19th. HSBC cut their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $28.00 to $27.00 in a research note on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $27.17.

Insiders Place Their Bets

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

Mosaic Price Performance

Shares of NYSE MOS opened at $23.64 on Monday. The stock has a market cap of $7.52 billion, a P/E ratio of -11.70, a P/E/G ratio of 4.27 and a beta of 0.82. The firm’s 50-day simple moving average is $22.36 and its 200 day simple moving average is $24.08. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $36.99. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $0.51 EPS. Mosaic’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts expect that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Dividend Announcement

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

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.