Geode Capital Management LLC Buys 63,822 Shares of The Mosaic Company $MOS

Geode Capital Management LLC increased its stake in shares of The Mosaic Company (NYSE:MOS) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,479,395 shares of the basic materials company’s stock after acquiring an additional 63,822 shares during the quarter. Geode Capital Management LLC owned approximately 2.67% of Mosaic worth $203,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dorsey Wright & Associates bought a new position in Mosaic during the third quarter worth $4,170,000. Wedge Capital Management L L P NC lifted its stake in shares of Mosaic by 87.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after buying an additional 175,914 shares in the last quarter. Barclays PLC lifted its stake in shares of Mosaic by 55.6% in the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after buying an additional 574,352 shares in the last quarter. Algert Global LLC lifted its stake in shares of Mosaic by 26.3% in the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after buying an additional 79,222 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Mosaic in the fourth quarter valued at $1,302,000. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

Shares of 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 market cap of $7.40 billion, a P/E ratio of 179.18, a P/E/G ratio of 2.76 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 posted its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $0.49 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts forecast that The Mosaic Company will post 0.83 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is 676.92%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MOS shares. Barclays dropped their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Weiss Ratings lowered shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Berenberg Bank dropped their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. UBS Group dropped their price objective on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Finally, BMO Capital Markets dropped their price objective on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. 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, the stock presently has a consensus rating of “Hold” and an average price target of $27.47.

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.