Moore Capital Management LP Sells 93,602 Shares of The Mosaic Company $MOS

Moore Capital Management LP decreased its position in shares of The Mosaic Company (NYSE:MOS) by 25.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 274,433 shares of the basic materials company’s stock after selling 93,602 shares during the quarter. Moore Capital Management LP’s holdings in Mosaic were worth $9,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MOS. Laird Norton Wetherby Wealth Management LLC lifted its position in Mosaic by 6.7% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,383 shares of the basic materials company’s stock valued at $776,000 after acquiring an additional 1,405 shares in the last quarter. Lighthouse Investment Partners LLC raised its stake in shares of Mosaic by 43.8% in the third quarter. Lighthouse Investment Partners LLC now owns 105,123 shares of the basic materials company’s stock worth $3,646,000 after purchasing an additional 32,000 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Mosaic by 184.5% in the third quarter. Integrated Wealth Concepts LLC now owns 20,191 shares of the basic materials company’s stock worth $700,000 after purchasing an additional 13,094 shares during the last quarter. Humankind Investments LLC lifted its holdings in shares of Mosaic by 13.4% during the third quarter. Humankind Investments LLC now owns 60,946 shares of the basic materials company’s stock valued at $2,114,000 after purchasing an additional 7,189 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Mosaic by 48.0% during the third quarter. Focus Partners Wealth now owns 87,281 shares of the basic materials company’s stock valued at $3,027,000 after buying an additional 28,312 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MOS. JPMorgan Chase & Co. downgraded Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a report on Thursday, February 26th. Wolfe Research dropped their price target on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. HSBC lowered their price objective on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Finally, Bank of America cut their target price on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.94.

Mosaic Price Performance

Shares of NYSE:MOS opened at $27.68 on Tuesday. The company has a market capitalization of $8.79 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.86 and a beta of 0.95. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The firm’s 50 day simple moving average is $27.94 and its two-hundred day simple moving average is $28.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47.

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

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%. Mosaic’s dividend payout ratio is 52.07%.

Mosaic 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.