The Mosaic Company $MOS Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in The Mosaic Company (NYSE:MOS) by 31.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,003 shares of the basic materials company’s stock after acquiring an additional 4,764 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Mosaic were worth $730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOS. Boston Partners boosted its holdings in shares of Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock valued at $215,540,000 after acquiring an additional 2,368,094 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Mosaic in the 1st quarter worth $54,953,000. Truist Financial Corp raised its stake in shares of Mosaic by 13,275.9% in the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after buying an additional 2,007,717 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mosaic by 100.9% in the second quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock valued at $138,867,000 after buying an additional 1,912,064 shares during the period. Finally, GMT Capital Corp bought a new position in Mosaic during the first quarter valued at about $47,211,000. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Scotiabank boosted their target price on shares of Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. The Goldman Sachs Group cut their target price on shares of Mosaic from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Barclays decreased their price target on shares of Mosaic from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Finally, Wells Fargo & Company initiated coverage on Mosaic in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.08.

Mosaic Stock Up 0.5%

MOS stock opened at $24.28 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a market capitalization of $7.71 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.94 and a beta of 1.00. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $32.99.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the company posted $0.34 EPS. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, December 4th. Mosaic’s payout ratio is presently 22.80%.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.