AXQ Capital LP Has $373,000 Stock Position in The Mosaic Company $MOS

AXQ Capital LP lessened its holdings in The Mosaic Company (NYSE:MOS) by 78.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,759 shares of the basic materials company’s stock after selling 39,709 shares during the period. AXQ Capital LP’s holdings in Mosaic were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in shares of 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 last quarter. Geneos Wealth Management Inc. lifted its stake in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Rexford Capital Inc. bought a new stake in shares of Mosaic in the 2nd quarter worth $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Royal Bank Of Canada boosted their target price on Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Barclays decreased their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 price target on the stock in a report on Monday, February 2nd. Finally, UBS Group reduced their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Trading Down 5.4%

Shares of MOS opened at $26.96 on Thursday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The business has a 50-day moving average of $27.07 and a 200 day moving average of $28.79. The firm has a market cap of $8.56 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a return on equity of 5.77% and a net margin of 4.49%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the business earned $0.45 EPS. Mosaic’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts forecast 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. Shareholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.3%. Mosaic’s payout ratio is presently 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.