Dorsey Wright & Associates Takes Position in The Mosaic Company $MOS

Dorsey Wright & Associates acquired a new position in The Mosaic Company (NYSE:MOS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 120,253 shares of the basic materials company’s stock, valued at approximately $4,170,000.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in 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 worth $291,348,000 after buying an additional 7,294,205 shares in the last quarter. Norges Bank purchased a new stake in shares of Mosaic in the 2nd quarter valued at about $158,085,000. Bank of New York Mellon Corp raised its holdings in shares of Mosaic by 102.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after acquiring an additional 3,894,947 shares in the last quarter. Merewether Investment Management LP bought a new stake in shares of Mosaic during the 2nd quarter valued at about $72,380,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Mosaic by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after acquiring an additional 1,285,883 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the topic of several research analyst reports. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Morgan Stanley dropped their target price on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings cut shares of Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Royal Bank Of Canada decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a “sector perform” rating on the stock in a report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Mosaic from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $30.94.

Mosaic Stock Up 4.2%

Shares of MOS opened at $28.83 on Wednesday. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The stock has a 50 day simple moving average of $28.01 and a two-hundred day simple moving average of $28.27. The firm has a market cap of $9.15 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.64 and a beta of 0.95.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. On average, analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is presently 52.07%.

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.