Hussman Strategic Advisors Inc. Acquires Shares of 84,000 The Mosaic Company $MOS

Hussman Strategic Advisors Inc. bought a new position in shares of The Mosaic Company (NYSE:MOS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,000 shares of the basic materials company’s stock, valued at approximately $2,913,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Truist Financial Corp grew its holdings in Mosaic by 60.1% during the 3rd quarter. Truist Financial Corp now owns 3,237,903 shares of the basic materials company’s stock worth $112,290,000 after acquiring an additional 1,215,063 shares during the last quarter. Alta Wealth Advisors LLC acquired a new position in shares of Mosaic during the third quarter worth approximately $329,000. Belpointe Asset Management LLC lifted its position in shares of Mosaic by 23.2% during the third quarter. Belpointe Asset Management LLC now owns 16,904 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 3,181 shares in the last quarter. Oxbow Advisors LLC grew its stake in shares of Mosaic by 0.5% during the third quarter. Oxbow Advisors LLC now owns 176,356 shares of the basic materials company’s stock valued at $6,116,000 after purchasing an additional 907 shares during the last quarter. Finally, Blackhawk Capital Partners LLC increased its holdings in shares of Mosaic by 40.7% in the third quarter. Blackhawk Capital Partners LLC now owns 8,228 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 2,379 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Bank of America decreased their price target on Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Mizuho lowered their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. CIBC cut their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Oppenheimer set a $35.00 target price on shares of Mosaic in a research note on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $31.50.

Mosaic Price Performance

Mosaic stock opened at $28.47 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9.04 billion, a P/E ratio of 7.38, a PEG ratio of 1.28 and a beta of 0.94. The business has a 50-day moving average of $25.13 and a 200-day moving average of $29.71. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic (NYSE:MOS) last released 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. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm earned $0.34 EPS. Mosaic’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a $0.22 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.1%. Mosaic’s dividend payout ratio is currently 22.80%.

About Mosaic

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.