Natixis Grows Position in The Mosaic Company $MOS

Natixis grew its stake in The Mosaic Company (NYSE:MOS) by 338.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,776 shares of the basic materials company’s stock after buying an additional 64,660 shares during the period. Natixis’ holdings in Mosaic were worth $3,056,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Mosaic in the 2nd quarter valued at $158,085,000. Boston Partners lifted its position in Mosaic by 42.2% during the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock worth $215,540,000 after acquiring an additional 2,368,094 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Mosaic during the 1st quarter valued at about $54,953,000. Truist Financial Corp increased its holdings in shares of Mosaic by 13,275.9% in the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock valued at $73,793,000 after purchasing an additional 2,007,717 shares during the period. Finally, Bank of New York Mellon Corp increased 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 purchasing an additional 1,912,064 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MOS. Bank of America decreased their target price on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Barclays decreased their price objective on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Tuesday. Oppenheimer dropped their price objective on shares of Mosaic from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a $27.00 target price on shares of Mosaic in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mosaic has a consensus rating of “Moderate Buy” and a consensus target price of $32.13.

Mosaic Stock Down 0.3%

MOS opened at $23.75 on Thursday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The company has a fifty day moving average of $27.46 and a two-hundred day moving average of $32.25. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.57 and a beta of 0.94.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Mosaic’s dividend payout ratio is currently 22.80%.

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.