Leonteq Securities AG Invests $2.14 Million in The Mosaic Company $MOS

Leonteq Securities AG purchased a new position in The Mosaic Company (NYSE:MOS) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 88,672 shares of the basic materials company’s stock, valued at approximately $2,136,000.

Several other hedge funds also recently added to or reduced their stakes in MOS. AQR Capital Management LLC increased its position 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 buying an additional 7,294,205 shares in the last quarter. Bank of New York Mellon Corp increased its position in Mosaic by 102.3% during 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 buying an additional 3,894,947 shares in the last quarter. Merewether Investment Management LP acquired a new position in Mosaic during the 2nd quarter valued at about $72,380,000. Dimensional Fund Advisors LP increased its position in Mosaic by 11.4% during 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 buying an additional 1,285,883 shares in the last quarter. Finally, Truist Financial Corp increased its position in Mosaic by 60.1% during 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 buying an additional 1,215,063 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Up 2.4%

Shares of MOS stock opened at $21.92 on Thursday. The stock’s 50-day simple moving average is $24.76 and its 200-day simple moving average is $25.72. 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 firm has a market capitalization of $6.96 billion, a PE ratio of 168.59, a P/E/G ratio of 1.91 and a beta of 0.79. The Mosaic Company has a fifty-two week low of $20.89 and a fifty-two week high of $38.23.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Equities analysts expect that The Mosaic Company will post 1.11 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.0%. Mosaic’s dividend payout ratio is currently 676.92%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MOS. Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. The Goldman Sachs Group reduced their target price on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wolfe Research reduced their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays reduced their target price on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $27.44.

About Mosaic

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.