Eurizon Capital SGR S.p.A. Makes New Investment in The Mosaic Company $MOS

Eurizon Capital SGR S.p.A. purchased a new position in shares of The Mosaic Company (NYSE:MOS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 115,016 shares of the basic materials company’s stock, valued at approximately $2,771,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Mosaic by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after purchasing an additional 461,524 shares during the last quarter. State Street Corp raised its holdings in Mosaic by 2.0% during the 2nd quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock worth $476,293,000 after purchasing an additional 251,496 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Mosaic by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock worth $436,140,000 after purchasing an additional 1,285,883 shares during the last quarter. Invesco Ltd. raised its holdings in Mosaic by 3.7% during the 3rd quarter. Invesco Ltd. now owns 9,186,429 shares of the basic materials company’s stock worth $318,585,000 after purchasing an additional 331,739 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets lowered their price target on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Scotiabank reiterated an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Tuesday, May 19th. Royal Bank Of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $28.00 to $27.00 in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research note on Tuesday, May 12th. Finally, Bank of America lowered shares of Mosaic from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $30.00 in a research note on Friday, March 20th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.47.

Mosaic Stock Performance

Shares of MOS stock opened at $23.26 on Tuesday. The firm has a 50-day moving average of $23.92 and a 200-day moving average of $25.54. The company has a market cap of $7.38 billion, a P/E ratio of 178.91, a P/E/G ratio of 2.83 and a beta of 0.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The Mosaic Company has a one year low of $20.89 and a one year high of $38.23.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Equities research analysts forecast that The Mosaic Company will post 0.83 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 3.8%. Mosaic’s dividend payout ratio is currently 676.92%.

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.