The Mosaic Company $MOS Shares Acquired by Abbington Investment Group

Abbington Investment Group lifted its position in shares of The Mosaic Company (NYSE:MOS) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,840 shares of the basic materials company’s stock after purchasing an additional 24,364 shares during the period. Mosaic comprises 1.4% of Abbington Investment Group’s portfolio, making the stock its 24th largest position. Abbington Investment Group’s holdings in Mosaic were worth $2,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Mosaic by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 38,661,647 shares of the basic materials company’s stock valued at $1,340,786,000 after purchasing an additional 160,953 shares in the last quarter. State Street Corp raised its position in shares of Mosaic by 2.0% in the 2nd quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock valued at $476,293,000 after purchasing an additional 251,496 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mosaic by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after purchasing an additional 1,285,883 shares in the last quarter. Invesco Ltd. raised its position in shares of Mosaic by 3.7% in the 3rd quarter. Invesco Ltd. now owns 9,186,429 shares of the basic materials company’s stock valued at $318,585,000 after purchasing an additional 331,739 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Mosaic by 632.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after purchasing an additional 7,294,205 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of NYSE:MOS opened at $23.94 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The Mosaic Company has a fifty-two week low of $23.06 and a fifty-two week high of $38.23. The firm has a 50-day simple moving average of $27.31 and a 200 day simple moving average of $27.12. The company has a market cap of $7.60 billion, a PE ratio of 14.17, a P/E/G ratio of 2.50 and a beta of 0.95.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company earned $0.45 EPS. Mosaic’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio is currently 52.07%.

Wall Street Analysts Forecast Growth

MOS has been the topic of several research reports. Morgan Stanley cut their price objective on Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Wells Fargo & Company cut their price objective on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. BNP Paribas Exane cut their price objective on Mosaic from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Scotiabank cut their price objective on Mosaic from $36.00 to $35.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada set a $28.00 price objective on Mosaic and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.20.

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.