Rakuten Investment Management Inc. Invests $756,000 in The Mosaic Company $MOS

Rakuten Investment Management Inc. acquired a new stake in shares of The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,699 shares of the basic materials company’s stock, valued at approximately $756,000.

A number of other institutional investors also recently bought and sold shares of MOS. NewEdge Advisors LLC lifted its stake in shares of Mosaic by 27.8% in the 1st 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 during the period. United Services Automobile Association bought a new stake in Mosaic during the first quarter valued at approximately $201,000. Empowered Funds LLC increased its holdings in Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 34,151 shares during the last quarter. Woodline Partners LP increased its holdings in Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after buying an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the topic of several analyst reports. Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $28.00 to $27.00 in a report on Wednesday, May 13th. Berenberg Bank lowered their target price on Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Finally, BNP Paribas Exane reduced their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.17.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 23,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

Mosaic Stock Performance

MOS opened at $24.17 on Tuesday. The company has a 50 day simple moving average of $22.40 and a two-hundred day simple moving average of $24.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The firm has a market cap of $7.68 billion, a P/E ratio of -11.97, a PEG ratio of 4.27 and a beta of 0.82. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned $0.51 EPS. The company’s revenue was down 6.0% on a year-over-year basis. Equities analysts forecast that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 10th. Mosaic’s payout ratio is presently -43.56%.

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.