Nykredit A S Takes Position in The Mosaic Company $MOS

Nykredit A S acquired a new position in The Mosaic Company (NYSE:MOS) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 5,112,277 shares of the basic materials company’s stock, valued at approximately $108,329,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Mosaic in the second quarter valued at approximately $524,484,000. Donald Smith & CO. Inc. purchased a new position in Mosaic during the 2nd quarter worth approximately $163,662,000. AQR Capital Management LLC lifted its stake in Mosaic by 632.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after acquiring an additional 7,294,205 shares during the period. Norges Bank acquired a new stake in Mosaic during the 4th quarter valued at approximately $103,129,000. Finally, Deutsche Bank AG acquired a new stake in Mosaic during the 2nd quarter valued at approximately $73,112,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Barclays decreased their target price on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Freedom Capital lowered shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, August 13th. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, HSBC reduced their price objective on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, June 18th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price of $27.17.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of the company’s stock in a transaction dated 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. This represents a 16.52% decrease in their ownership of the stock. The sale 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 Price Performance

Shares of NYSE MOS opened at $25.79 on Thursday. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of -12.77, a PEG ratio of 4.48 and a beta of 0.83. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The firm’s 50 day simple moving average is $22.57 and its 200-day simple moving average is $23.96. 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 posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share 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 firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts expect that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Dividend Announcement

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 issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. Mosaic’s payout ratio is presently -43.56%.

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.