Rakuten Investment Management Inc. Invests $756,000 in The Mosaic Company $MOS

Rakuten Investment Management Inc. purchased a new stake in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 33,699 shares of the basic materials company’s stock, valued at approximately $756,000.

A number of other institutional investors also recently bought and sold shares of MOS. Cary Street Partners Financial LLC boosted its position in Mosaic by 2.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 380 shares in the last quarter. NewEdge Advisors LLC grew its position 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 buying an additional 380 shares during the period. M&T Bank Corp increased its stake in shares of Mosaic by 2.3% in the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 466 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 acquiring an additional 491 shares during the period. Finally, Fulcrum Asset Management LLP increased its stake in shares of Mosaic by 17.2% during the fourth quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 518 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Up 2.4%

Mosaic stock opened at $24.17 on Tuesday. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of -11.97, a PEG ratio of 4.27 and a beta of 0.82. The stock has a fifty day simple moving average of $22.40 and a two-hundred day simple moving average of $24.03. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS) last released its quarterly earnings data 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 positive return on equity of 3.77% and a negative net margin of 5.21%.The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm posted $0.51 earnings per share. Mosaic’s revenue was down 6.0% compared to the same quarter last year. Equities analysts predict that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic’s dividend payout ratio (DPR) is presently -43.56%.

Insider Activity

In other news, SVP Walter F. Precourt III sold 23,000 shares of Mosaic stock in a transaction that occurred on Wednesday, August 19th. The shares were 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. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MOS. Barclays dropped their price target on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Freedom Capital cut Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. The Goldman Sachs Group reduced their price target on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.17.

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.