Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in The Mosaic Company $MOS

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in The Mosaic Company (NYSE:MOS) in the fourth quarter, HoldingsChannel reports. The fund acquired 72,046 shares of the basic materials company’s stock, valued at approximately $1,736,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MOS. AQR Capital Management LLC grew its position in shares of Mosaic by 632.6% in 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. Bank of New York Mellon Corp grew its position in shares of Mosaic by 102.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after acquiring an additional 3,894,947 shares during the period. Merewether Investment Management LP bought a new position in shares of Mosaic in the 2nd quarter valued at about $72,380,000. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after acquiring an additional 1,285,883 shares during the period. Finally, Truist Financial Corp grew its position in shares of Mosaic by 60.1% in the 3rd quarter. Truist Financial Corp now owns 3,237,903 shares of the basic materials company’s stock valued at $112,290,000 after acquiring an additional 1,215,063 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $22.54 on Friday. The firm has a 50-day moving average of $24.54 and a 200-day moving average of $25.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The stock has a market cap of $7.16 billion, a PE ratio of 173.36, a P/E/G ratio of 2.29 and a beta of 0.79. The Mosaic Company has a 52-week low of $20.89 and a 52-week high of $38.23.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. On average, sell-side analysts anticipate that The Mosaic Company will post 0.97 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 annualized dividend and a yield of 3.9%. Mosaic’s payout ratio is 676.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MOS. Freedom Capital downgraded shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research report on Tuesday, May 12th. Mizuho cut their target price on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. The Goldman Sachs Group cut their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Berenberg Bank cut their target price on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price of $27.65.

Mosaic 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.