Core Alternative Capital Lowers Position in The Mosaic Company $MOS

Core Alternative Capital trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,493 shares of the basic materials company’s stock after selling 18,421 shares during the quarter. Core Alternative Capital’s holdings in Mosaic were worth $4,595,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its position in shares of Mosaic by 2.8% during the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock valued at $447,000 after acquiring an additional 333 shares during the last quarter. NewEdge Advisors LLC raised its position in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the period. Abundance Wealth Counselors lifted its stake in Mosaic by 1.8% during the second quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 413 shares in the last quarter. 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 worth $25,000 after buying an additional 433 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Mosaic by 11.5% during the third quarter. Exchange Traded Concepts LLC now owns 4,300 shares of the basic materials company’s stock worth $149,000 after buying an additional 444 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MOS shares. Wolfe Research decreased their target price on Mosaic from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Bank of America dropped their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Wells Fargo & Company reduced 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. Finally, Royal Bank Of Canada lifted their target price on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Up 0.5%

Shares of NYSE MOS opened at $28.47 on Wednesday. The business has a 50-day moving average of $25.13 and a two-hundred day moving average of $29.71. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

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

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be issued a $0.22 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. Mosaic’s dividend 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.