Redwood Investment Management LLC Makes New Investment in The Mosaic Company $MOS

Redwood Investment Management LLC bought a new stake in The Mosaic Company (NYSE:MOS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,327 shares of the basic materials company’s stock, valued at approximately $727,000.

Several other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Mosaic during the 2nd quarter worth about $524,484,000. Donald Smith & CO. Inc. purchased a new stake in Mosaic in the 2nd quarter valued at about $163,662,000. AQR Capital Management LLC lifted its position in Mosaic by 632.6% in the third 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 during the last quarter. Norges Bank acquired a new position in Mosaic in the fourth quarter valued at about $103,129,000. Finally, Deutsche Bank AG purchased a new position in Mosaic during the second quarter worth about $73,112,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of Mosaic stock opened at $23.79 on Friday. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of -11.77, a price-to-earnings-growth ratio of 4.37 and a beta of 0.82. 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 business has a 50-day moving average of $22.34 and a 200 day moving average of $24.12. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, sell-side analysts forecast that The Mosaic Company will post 0.54 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. Mosaic’s payout ratio is -43.56%.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MOS shares. BMO Capital Markets dropped their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. The Goldman Sachs Group decreased their price objective on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Mizuho set a $25.00 price objective on shares of Mosaic in a research report on Wednesday, August 5th. HSBC dropped their target price on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, June 18th. Finally, Freedom Capital lowered Mosaic from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.17.

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.