CWA Asset Management Group LLC Sells 46,808 Shares of The Mosaic Company $MOS

CWA Asset Management Group LLC decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,925 shares of the basic materials company’s stock after selling 46,808 shares during the quarter. CWA Asset Management Group LLC owned about 0.08% of Mosaic worth $8,771,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Mosaic by 2.0% during the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock valued at $476,293,000 after acquiring an additional 251,496 shares in the last quarter. Geode Capital Management LLC increased its stake in Mosaic by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 8,216,928 shares of the basic materials company’s stock valued at $299,180,000 after purchasing an additional 95,952 shares in the last quarter. Norges Bank bought a new stake in Mosaic during the 2nd quarter valued at about $158,085,000. Bank of New York Mellon Corp raised its holdings in Mosaic by 100.9% in the second quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock worth $138,867,000 after buying an additional 1,912,064 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mosaic by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,662,814 shares of the basic materials company’s stock worth $133,619,000 after buying an additional 67,362 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MOS has been the subject of several analyst reports. Bank of America reduced their price target on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Oppenheimer cut their target price on Mosaic from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. HSBC decreased their price target on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Wells Fargo & Company started coverage on Mosaic in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price objective on the stock. Finally, Scotiabank boosted their target price on Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.73.

Mosaic Stock Performance

Shares of MOS opened at $25.00 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The firm has a market capitalization of $7.93 billion, a P/E ratio of 6.48, a PEG ratio of 0.71 and a beta of 0.94. The business has a fifty day moving average of $25.02 and a 200 day moving average of $30.86.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.Mosaic’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is 22.80%.

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.