Groupama Asset Managment Boosts Stake in The Mosaic Company $MOS

Groupama Asset Managment increased its holdings in shares of The Mosaic Company (NYSE:MOS) by 211.6% during the third quarter, HoldingsChannel reports. The firm owned 32,795 shares of the basic materials company’s stock after buying an additional 22,270 shares during the period. Groupama Asset Managment’s holdings in Mosaic were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Geneos Wealth Management Inc. raised its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the last quarter. Rexford Capital Inc. bought a new position in Mosaic during the 2nd quarter valued at about $28,000. True Wealth Design LLC boosted its holdings in shares of Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 764 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Mosaic during the 3rd quarter valued at about $31,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Mosaic in the second quarter worth approximately $31,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 9.7%

Shares of MOS stock opened at $23.65 on Friday. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a market cap of $7.51 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.61 and a beta of 0.95. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $28.01 and a two-hundred day simple moving average of $28.18.

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

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is currently 52.07%.

Analyst Ratings Changes

Several research firms have recently weighed in on MOS. HSBC decreased their price objective on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a report on Monday, November 24th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Oppenheimer set a $35.00 price target on Mosaic in a report on Friday, January 16th. Bank of America downgraded Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.00 to $30.00 in a research note on Friday. Finally, JPMorgan Chase & Co. lowered 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. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $30.75.

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.