111,598 Shares in The Mosaic Company $MOS Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in The Mosaic Company (NYSE:MOS) during the second quarter, HoldingsChannel.com reports. The fund bought 111,598 shares of the basic materials company’s stock, valued at approximately $2,365,000.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares during the period. United Services Automobile Association bought a new position in Mosaic during the 1st quarter worth $201,000. Empowered Funds LLC grew its stake in shares of Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 34,151 shares in the last quarter. Woodline Partners LP grew its position in shares of Mosaic by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MOS shares. Berenberg Bank decreased their price target on Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Morgan Stanley lowered their price objective on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Wednesday, May 13th. HSBC reduced their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Finally, Rothschild & Co Redburn assumed coverage on shares of Mosaic in a report on Friday, June 26th. They set a “buy” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.17.

Mosaic Stock Performance

NYSE:MOS opened at $23.64 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. 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 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $24.11. The company has a market capitalization of $7.52 billion, a PE ratio of -11.70, a P/E/G ratio of 4.27 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Research analysts anticipate that The Mosaic Company will post 0.54 earnings per share for the current year.

Mosaic Announces Dividend

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

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of Mosaic 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 approximately $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by insiders.

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.