Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in The Mosaic Company $MOS

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in The Mosaic Company (NYSE:MOS) by 18.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 415,927 shares of the basic materials company’s stock after purchasing an additional 64,687 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mosaic were worth $10,406,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Mosaic by 54.3% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after buying an additional 407 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Mosaic by 57.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after buying an additional 415 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Mosaic by 0.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 47,593 shares of the basic materials company’s stock valued at $1,651,000 after buying an additional 432 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in Mosaic by 7.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,853 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 456 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MOS shares. BNP Paribas Exane reduced their price target on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Royal Bank Of Canada set a $28.00 target price on Mosaic and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th. Morgan Stanley reduced their target price on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Weiss Ratings cut Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 7th. Finally, Freedom Capital downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.31.

Mosaic Stock Up 0.1%

Shares of NYSE:MOS opened at $22.21 on Monday. The Mosaic Company has a 1-year low of $22.17 and a 1-year high of $38.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The stock has a market cap of $7.05 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.33 and a beta of 0.79. The firm has a fifty day moving average price of $25.63 and a 200 day moving average price of $26.17.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts predict that The Mosaic Company will post 1.56 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 annualized dividend and a yield of 4.0%. Mosaic’s dividend payout ratio is currently 52.07%.

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.