62,476 Shares in The Mosaic Company $MOS Bought by Abbington Investment Group

Abbington Investment Group purchased a new stake in The Mosaic Company (NYSE:MOS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 62,476 shares of the basic materials company’s stock, valued at approximately $2,167,000. Mosaic makes up about 1.9% of Abbington Investment Group’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of Mosaic by 16.3% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 10,738 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 1,505 shares during the period. SG Americas Securities LLC increased its stake in Mosaic by 61.1% in the third quarter. SG Americas Securities LLC now owns 84,992 shares of the basic materials company’s stock valued at $2,948,000 after acquiring an additional 32,232 shares during the last quarter. HB Wealth Management LLC raised its position in Mosaic by 60.4% during the third quarter. HB Wealth Management LLC now owns 11,076 shares of the basic materials company’s stock valued at $384,000 after purchasing an additional 4,170 shares in the last quarter. Moran Wealth Management LLC lifted its stake in Mosaic by 9.5% during the third quarter. Moran Wealth Management LLC now owns 30,913 shares of the basic materials company’s stock worth $1,072,000 after purchasing an additional 2,681 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Mosaic by 1.3% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 76,800 shares of the basic materials company’s stock valued at $2,663,000 after purchasing an additional 1,000 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

NYSE:MOS opened at $26.51 on Friday. The company has a market capitalization of $8.41 billion, a PE ratio of 6.87, a P/E/G ratio of 0.72 and a beta of 0.94. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The company has a 50 day simple moving average of $24.75 and a two-hundred day simple moving average of $30.64.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. Mosaic’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. Research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s payout ratio is currently 22.80%.

Wall Street Analyst Weigh In

MOS has been the subject of a number of research analyst reports. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. HSBC lowered their target price on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Barclays reduced their price target on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. JPMorgan Chase & Co. decreased their price target on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Bank of America dropped their price objective on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.73.

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.