Jupiter Topco LLC Takes $6.23 Million Position in The Mosaic Company $MOS

Jupiter Topco LLC bought a new stake in shares of The Mosaic Company (NYSE:MOS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 293,884 shares of the basic materials company’s stock, valued at approximately $6,229,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. J. Goldman & Co LP acquired a new stake in Mosaic in the second quarter worth $371,000. EFG International AG acquired a new position in shares of Mosaic during the second quarter valued at about $2,043,000. Ancora Advisors LLC bought a new position in shares of Mosaic during the 2nd quarter worth about $307,000. PDT Partners LLC bought a new position in shares of Mosaic during the 2nd quarter worth about $2,471,000. Finally, Legal & General Group Plc bought a new position in shares of Mosaic during the 2nd quarter worth about $16,113,000. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MOS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mosaic in a research report on Friday, August 7th. BNP Paribas Exane cut their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Barclays reduced their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Mizuho set a $25.00 price objective on Mosaic in a report on Wednesday, August 5th. Finally, Freedom Capital lowered Mosaic from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.17.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 23,000 shares of the firm’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 transaction, the senior vice president owned 116,198 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Mosaic Trading Up 2.4%

NYSE:MOS opened at $24.17 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The Mosaic Company has a one year low of $19.80 and a one year high of $36.99. The company has a market cap of $7.68 billion, a PE ratio of -11.97, a PEG ratio of 4.27 and a beta of 0.82. The firm has a 50-day moving average of $22.40 and a 200-day moving average of $24.03.

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

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.6%. Mosaic’s dividend payout ratio is -43.56%.

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.