Jupiter Asset Management Ltd. Has $5.20 Million Holdings in The Mosaic Company $MOS

Jupiter Asset Management Ltd. cut its stake in shares of The Mosaic Company (NYSE:MOS) by 80.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 215,646 shares of the basic materials company’s stock after selling 897,220 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Mosaic were worth $5,195,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MOS. Geneos Wealth Management Inc. increased its holdings in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Mosaic during the second quarter worth $31,000. MUFG Securities EMEA plc acquired a new position in shares of Mosaic during the second quarter worth $34,000. Torren Management LLC acquired a new position in shares of Mosaic during the fourth quarter worth $35,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Mosaic by 57.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after buying an additional 415 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of Mosaic stock opened at $23.93 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The Mosaic Company has a twelve month low of $20.89 and a twelve month high of $38.23. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 184.11, a P/E/G ratio of 2.83 and a beta of 0.79. The company’s fifty day moving average is $23.97 and its 200 day moving average is $25.56.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that The Mosaic Company will post 0.83 EPS for the current year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Mosaic’s dividend payout ratio is 676.92%.

Analysts Set New Price Targets

MOS has been the subject of several research analyst reports. Barclays lowered their price target on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. UBS Group lowered their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Morgan Stanley reduced their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Scotiabank reissued an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Tuesday, May 19th. Finally, Berenberg Bank reduced their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average price target of $27.47.

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.