Geode Capital Management LLC Boosts Holdings in The Mosaic Company $MOS

Geode Capital Management LLC increased its stake in shares of The Mosaic Company (NYSE:MOS) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,479,395 shares of the basic materials company’s stock after buying an additional 63,822 shares during the quarter. Geode Capital Management LLC’s holdings in Mosaic were worth $203,916,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the period. United Services Automobile Association bought a new position in Mosaic during the first quarter worth about $201,000. Empowered Funds LLC boosted its position in Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after purchasing an additional 34,151 shares during the period. Woodline Partners LP boosted its position in Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research reports. BMO Capital Markets cut their target price on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Wolfe Research cut their target price on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Barclays cut their target price on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their target price on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, BNP Paribas Exane cut their target price on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price of $27.47.

Mosaic Price Performance

MOS stock opened at $23.29 on Wednesday. The firm has a 50 day moving average of $23.92 and a 200-day moving average of $25.54. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 12 month low of $20.89 and a 12 month high of $38.23. The firm has a market capitalization of $7.40 billion, a P/E ratio of 179.18, a price-to-earnings-growth ratio of 2.76 and a beta of 0.79.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the business posted $0.49 earnings per share. Mosaic’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st were given a dividend of $0.22 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.88 annualized dividend and a yield of 3.8%. Mosaic’s payout ratio is presently 676.92%.

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.