Meitav Dash Investments Ltd. Acquires 70,804 Shares of The Mosaic Company (NYSE:MOS)

Meitav Dash Investments Ltd. boosted its holdings in shares of The Mosaic Company (NYSE:MOSGet Rating) by 144.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,682 shares of the basic materials company’s stock after acquiring an additional 70,804 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Mosaic were worth $7,918,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. boosted its stake in shares of Mosaic by 12.1% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 62,430 shares of the basic materials company’s stock valued at $2,453,000 after purchasing an additional 6,720 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Mosaic by 7.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 361,533 shares of the basic materials company’s stock valued at $14,424,000 after purchasing an additional 24,207 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Mosaic by 47.4% in the 1st quarter. Kestra Advisory Services LLC now owns 15,565 shares of the basic materials company’s stock valued at $1,035,000 after purchasing an additional 5,003 shares during the last quarter. First Command Bank bought a new stake in shares of Mosaic in the 1st quarter valued at $36,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Mosaic by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 49,433 shares of the basic materials company’s stock valued at $3,287,000 after purchasing an additional 531 shares during the last quarter. 82.54% of the stock is owned by institutional investors.

Mosaic Price Performance

MOS opened at $52.22 on Friday. The firm has a market cap of $18.90 billion, a P/E ratio of 5.95, a PEG ratio of 0.54 and a beta of 1.62. The firm has a 50-day moving average of $50.58 and a 200 day moving average of $55.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.30. The Mosaic Company has a fifty-two week low of $29.14 and a fifty-two week high of $79.28.

Mosaic (NYSE:MOSGet Rating) last posted its quarterly earnings results on Monday, August 1st. The basic materials company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.30). The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.62 billion. Mosaic had a net margin of 19.66% and a return on equity of 30.83%. Mosaic’s quarterly revenue was up 91.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. On average, research analysts expect that The Mosaic Company will post 13.78 EPS for the current year.

Mosaic declared that its board has approved a share repurchase plan on Monday, August 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to purchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, June 1st. This is a positive change from Mosaic’s previous quarterly dividend of $0.11. Mosaic’s dividend payout ratio (DPR) is currently 6.84%.

Insiders Place Their Bets

In other Mosaic news, Director Denise C. Johnson sold 24,427 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $65.00, for a total transaction of $1,587,755.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of analyst reports. Piper Sandler upped their price objective on shares of Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday. BNP Paribas downgraded shares of Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 target price on the stock. in a research report on Wednesday, April 20th. Royal Bank of Canada upped their price objective on shares of Mosaic from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Finally, Credit Suisse Group initiated coverage on shares of Mosaic in a report on Thursday, July 14th. They set an “outperform” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.29.

Mosaic Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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