SailingStone Capital Partners LLC Takes $25.16 Million Position in The Mosaic Company $MOS

SailingStone Capital Partners LLC bought a new stake in The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,187,332 shares of the basic materials company’s stock, valued at approximately $25,160,000. Mosaic accounts for approximately 4.8% of SailingStone Capital Partners LLC’s holdings, making the stock its 8th largest position.

A number of other institutional investors have also added to or reduced their stakes in MOS. Thompson Siegel & Walmsley LLC increased its position in shares of Mosaic by 35.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after purchasing an additional 785,057 shares during the period. California State Teachers Retirement System lifted its position in Mosaic by 22.2% in the first quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after purchasing an additional 66,608 shares during the period. Tejara Capital Ltd bought a new position in Mosaic in the second quarter worth $1,301,000. Bank of America Corp DE boosted its stake in Mosaic by 7.4% during the first quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after buying an additional 170,724 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Mosaic during the second quarter worth $73,112,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

Mosaic stock opened at $26.21 on Thursday. The firm has a market capitalization of $8.33 billion, a P/E ratio of -12.98, a P/E/G ratio of 4.80 and a beta of 0.83. The stock has a fifty day moving average price of $22.99 and a two-hundred day moving average price of $23.83. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43.

Mosaic (NYSE:MOS) last issued its earnings results 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 negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts anticipate that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic’s dividend payout ratio is currently -43.56%.

Analysts Set New Price Targets

MOS has been the subject of a number of recent research reports. Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Mizuho set a $25.00 target price on shares of Mosaic in a research report on Wednesday, August 5th. Rothschild & Co Redburn initiated coverage on shares of Mosaic in a research report on Friday, June 26th. They set a “buy” rating and a $30.00 target price on the stock. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Finally, BMO Capital Markets decreased their price objective on Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average target price of $27.17.

Insider Buying and Selling at Mosaic

In other news, SVP Walter 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 transaction, the senior vice president 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

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.