The Mosaic Company $MOS Shares Sold by Core Alternative Capital

Core Alternative Capital lessened its stake in The Mosaic Company (NYSE:MOS) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,493 shares of the basic materials company’s stock after selling 18,421 shares during the period. Core Alternative Capital’s holdings in Mosaic were worth $4,595,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MOS. First Horizon Advisors Inc. grew its position in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares during the period. Geneos Wealth Management Inc. boosted 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 worth $26,000 after acquiring an additional 601 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. Rexford Capital Inc. purchased a new position in shares of Mosaic in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC raised its holdings in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Up 0.5%

Shares of MOS opened at $28.47 on Wednesday. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $29.71. The company has a market capitalization of $9.04 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94.

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

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s payout ratio is presently 22.80%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. The Goldman Sachs Group raised their price target on shares of Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Scotiabank boosted their price objective on Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Finally, Barclays reduced their target price on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.50.

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.