Wellington Management Group LLP Grows Stock Holdings in The Mosaic Company $MOS

Wellington Management Group LLP raised its stake in shares of The Mosaic Company (NYSE:MOS) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,755,216 shares of the basic materials company’s stock after acquiring an additional 221,728 shares during the period. Wellington Management Group LLP’s holdings in Mosaic were worth $58,383,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC increased its holdings in shares of Mosaic by 2.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 380 shares during the period. NewEdge Advisors LLC grew its position in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the last quarter. M&T Bank Corp grew its position in Mosaic by 2.3% in the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock valued at $508,000 after buying an additional 466 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Mosaic by 51.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after buying an additional 491 shares during the period. Finally, Fulcrum Asset Management LLP increased its stake in Mosaic by 17.2% in the 4th quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock valued at $85,000 after buying an additional 518 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Trading Down 0.8%

Shares of Mosaic stock opened at $25.58 on Friday. The company has a 50-day moving average of $22.65 and a two-hundred day moving average of $23.93. The stock has a market cap of $8.13 billion, a PE ratio of -12.66, a price-to-earnings-growth ratio of 4.66 and a beta of 0.83. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $36.99.

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

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given 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 3.4%. Mosaic’s dividend payout ratio (DPR) is currently -43.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MOS. BNP Paribas Exane reduced their target price on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Barclays lowered their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a research report on Tuesday, May 12th. Finally, Freedom Capital downgraded Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.17.

Insider Activity

In other news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

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.