Toroso Investments LLC Raises Holdings in The Mosaic Company (NYSE:MOS)

Toroso Investments LLC lifted its stake in shares of The Mosaic Company (NYSE:MOS) by 19.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,997 shares of the basic materials company’s stock after buying an additional 9,820 shares during the quarter. Toroso Investments LLC’s holdings in Mosaic were worth $2,799,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Capital International Investors acquired a new stake in shares of Mosaic in the 1st quarter valued at $412,663,000. Wellington Management Group LLP lifted its holdings in Mosaic by 910.9% during the 1st quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock worth $296,052,000 after buying an additional 4,011,530 shares during the last quarter. Norges Bank acquired a new position in shares of Mosaic during the 4th quarter worth about $128,142,000. Bank of New York Mellon Corp boosted its position in shares of Mosaic by 59.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,815,798 shares of the basic materials company’s stock worth $220,949,000 after acquiring an additional 1,798,118 shares in the last quarter. Finally, Ruffer LLP purchased a new position in shares of Mosaic in the 1st quarter valued at about $72,391,000. 84.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MOS shares. Mizuho reaffirmed a “buy” rating and issued a $48.00 price target on shares of Mosaic in a report on Wednesday. HSBC raised shares of Mosaic from a “reduce” rating to a “hold” rating and set a $40.00 target price on the stock in a research report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and issued a $40.00 price objective on shares of Mosaic in a research note on Tuesday, July 25th. Stifel Nicolaus cut their target price on Mosaic from $42.00 to $36.00 in a research report on Friday, June 30th. Finally, Piper Sandler upped their target price on Mosaic from $42.00 to $46.00 in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.71.

Mosaic Price Performance

Shares of NYSE MOS opened at $38.83 on Friday. The stock has a fifty day moving average price of $38.95 and a 200 day moving average price of $40.33. The Mosaic Company has a 1-year low of $31.44 and a 1-year high of $57.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.18 and a quick ratio of 0.53. The company has a market cap of $12.90 billion, a PE ratio of 6.13, a P/E/G ratio of 1.35 and a beta of 1.52.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.03). Mosaic had a return on equity of 20.21% and a net margin of 12.89%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business posted $3.64 EPS. The firm’s revenue was down 36.8% on a year-over-year basis. Sell-side analysts forecast that The Mosaic Company will post 3.89 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, September 6th. Mosaic’s payout ratio is 12.64%.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.