The Manufacturers Life Insurance Company Takes Position in The Mosaic Company $MOS

The Manufacturers Life Insurance Company purchased a new position in The Mosaic Company (NYSE:MOS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 236,453 shares of the basic materials company’s stock, valued at approximately $5,011,000. The Manufacturers Life Insurance Company owned about 0.07% of Mosaic at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fortress Financial Group LLC purchased a new stake in Mosaic during the second quarter valued at $269,000. CYBER HORNET ETFs LLC purchased a new position in Mosaic in the second quarter worth about $31,000. MUFG Securities EMEA plc purchased a new position in Mosaic in the second quarter worth about $34,000. Geneos Wealth Management Inc. grew its stake in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. Finally, SJS Investment Consulting Inc. grew its stake in shares of Mosaic by 72.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 525 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of Mosaic stock opened at $24.17 on Tuesday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of -11.97, a PEG ratio of 4.27 and a beta of 0.82. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $22.40 and its 200-day simple moving average is $24.03. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. As a group, analysts expect that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, September 10th. Mosaic’s dividend payout ratio (DPR) is currently -43.56%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MOS shares. UBS Group lowered their price objective on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Royal Bank Of Canada raised shares of 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 report on Wednesday, May 13th. The Goldman Sachs Group decreased their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Freedom Capital cut shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. Finally, Barclays reduced their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.17.

Insider Buying and Selling at Mosaic

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

Mosaic Company 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.