CI Investments Inc. Purchases 30,841 Shares of The Mosaic Company $MOS

CI Investments Inc. raised its position in The Mosaic Company (NYSE:MOS) by 65.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 78,105 shares of the basic materials company’s stock after purchasing an additional 30,841 shares during the period. CI Investments Inc.’s holdings in Mosaic were worth $2,709,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares during the last quarter. Rothschild Investment LLC grew its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Rexford Capital Inc. bought a new position in shares of Mosaic in the 2nd quarter worth about $28,000. True Wealth Design LLC lifted its stake in shares of Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Mosaic during the 2nd quarter valued at about $31,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of NYSE MOS opened at $26.04 on Thursday. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.47 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The firm’s 50-day simple moving average is $27.36 and its 200 day simple moving average is $28.61.

Mosaic (NYSE:MOS) last issued 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 company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s dividend payout ratio is presently 52.07%.

Wall Street Analyst Weigh In

MOS has been the subject of several recent analyst reports. Wolfe Research decreased their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Scotiabank lowered their price objective on shares of Mosaic from $36.00 to $35.00 and set a “sector outperform” rating for the company in a research note on Monday. Weiss Ratings downgraded shares of Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Royal Bank Of Canada reduced their price target on shares of Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Finally, Oppenheimer set a $35.00 price target on shares of Mosaic in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average target price of $30.94.

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.