198,920 The Mosaic Company $MOS Shares Purchased by M&G PLC

M&G PLC boosted its position in The Mosaic Company (NYSE:MOS) by 30.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,894 shares of the basic materials company’s stock after purchasing an additional 198,920 shares during the period. M&G PLC’s holdings in Mosaic were worth $18,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortress Financial Group LLC purchased a new stake in Mosaic during the second quarter worth $269,000. Ameritas Advisory Services LLC acquired a new stake in Mosaic in the second quarter valued at $32,000. Global Retirement Partners LLC purchased a new position in shares of Mosaic in the second quarter valued at $46,000. Essential Partners LLC increased its position in shares of Mosaic by 81.0% in the first quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock valued at $91,000 after buying an additional 1,597 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of Mosaic by 1,575.9% in the third quarter. Fortitude Family Office LLC now owns 3,620 shares of the basic materials company’s stock valued at $78,000 after buying an additional 3,404 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOS has been the subject of several research reports. Royal Bank Of Canada cut their price target on Mosaic from $25.00 to $23.00 and set a “sector perform” rating for the company in a research note on Monday. KeyCorp assumed coverage on shares of Mosaic in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. cut shares of Mosaic from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $27.00 to $25.00 in a research note on Monday, October 5th. Barclays dropped their target price on shares of Mosaic from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Finally, Freedom Capital downgraded shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.58.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president directly owned 116,198 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

Mosaic Trading Up 0.9%

Shares of Mosaic stock opened at $22.98 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.54. The Mosaic Company has a 1 year low of $16.99 and a 1 year high of $32.25. The company has a market capitalization of $7.30 billion, a P/E ratio of -6.49, a P/E/G ratio of 19.45 and a beta of 0.88. The business has a 50 day moving average price of $21.68 and a 200 day moving average price of $23.72.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 3rd. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Mosaic had a negative net margin of 9.43% and a positive return on equity of 0.58%. Mosaic’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Sell-side analysts anticipate that The Mosaic Company will post 0.11 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 4th. Mosaic’s payout ratio is -24.86%.

Mosaic Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, and the company also makes phosphate-based animal feed ingredients and products for industrial applications. Mosaic’s operations include phosphate mining and processing in the United States and potash mining in Canada. Through its Brazilian operations, Mosaic Fertilizantes, the company produces, blends and distributes crop nutrients and related products in Brazil and other markets in South America.