Maple Rock Capital Partners Inc. Invests $56.79 Million in The Mosaic Company $MOS

Maple Rock Capital Partners Inc. purchased a new stake in shares of The Mosaic Company (NYSE:MOS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,680,000 shares of the basic materials company’s stock, valued at approximately $56,789,000. Mosaic makes up approximately 1.1% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors also recently modified their holdings of MOS. BlackRock Inc. bought a new stake in Mosaic in the 2nd quarter worth about $524,484,000. Dimensional Fund Advisors LP raised its position in Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after buying an additional 832,914 shares during the last quarter. State Street Corp lifted its stake in Mosaic by 1.9% during the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after acquiring an additional 240,146 shares during the period. Invesco Ltd. lifted its stake in Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after acquiring an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after acquiring an additional 63,822 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Shares of NYSE MOS opened at $24.17 on Tuesday. The Mosaic Company has a 1 year low of $19.80 and a 1 year 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. The stock has a market cap of $7.68 billion, a PE ratio of -11.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.82. The firm has a fifty day moving average price of $22.40 and a 200-day moving average price of $24.03.

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

Mosaic Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on MOS shares. BMO Capital Markets reduced their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. BNP Paribas Exane lowered their price objective on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings restated a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Wells Fargo & Company cut their target price on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.17.

Insider Activity

In related news, SVP Walter F. Precourt III sold 23,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.