Man Group plc Has $10.01 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

Man Group plc increased its holdings in The Mosaic Company (NYSE:MOS) by 535.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407,380 shares of the basic materials company’s stock after purchasing an additional 343,222 shares during the period. Man Group plc owned approximately 0.13% of Mosaic worth $10,013,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group increased its holdings in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $33,000. Tobam acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $41,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research reports. CIBC raised their price target on shares of Mosaic from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Wells Fargo & Company raised their price target on shares of Mosaic from $28.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. BNP Paribas raised shares of Mosaic to a “strong-buy” rating in a report on Wednesday, April 9th. Piper Sandler reissued a “neutral” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Finally, The Goldman Sachs Group initiated coverage on shares of Mosaic in a report on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target for the company. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.58.

Mosaic Trading Up 1.6%

Shares of NYSE MOS opened at $35.21 on Monday. The company’s fifty day moving average is $28.06 and its 200-day moving average is $26.79. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 1.42 and a beta of 1.09. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $35.68. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. Mosaic’s dividend payout ratio (DPR) is currently 75.86%.

About Mosaic

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.