The Mosaic Company $MOS Shares Acquired by Aberdeen Group plc

Aberdeen Group plc grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,579 shares of the basic materials company’s stock after buying an additional 1,104 shares during the period. Aberdeen Group plc’s holdings in Mosaic were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MOS. Boston Partners grew its position in Mosaic by 42.2% in the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock valued at $215,540,000 after buying an additional 2,368,094 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Mosaic in the first quarter valued at approximately $54,953,000. Truist Financial Corp increased its stake in shares of Mosaic by 13,275.9% during the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock valued at $73,793,000 after acquiring an additional 2,007,717 shares during the period. GMT Capital Corp bought a new stake in Mosaic during the first quarter worth approximately $47,211,000. Finally, Nuveen LLC bought a new stake in Mosaic during the first quarter worth approximately $33,897,000. 77.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Mosaic from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. UBS Group cut their target price on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday. Oppenheimer reaffirmed an “outperform” rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Bank of America lowered their price target on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company cut their price objective on Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and an average price target of $35.00.

Mosaic Stock Performance

NYSE:MOS opened at $29.29 on Friday. The firm’s 50-day moving average is $33.09 and its 200-day moving average is $33.12. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, September 8th. Mosaic’s payout ratio is currently 29.83%.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.