Man Group plc Invests $3.40 Million in The Mosaic Company $MOS

Man Group plc purchased a new stake in The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 160,213 shares of the basic materials company’s stock, valued at approximately $3,395,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cary Street Partners Financial LLC boosted its holdings in shares of Mosaic by 2.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after buying an additional 380 shares during the period. NewEdge Advisors LLC lifted its position 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 valued at $47,000 after acquiring an additional 380 shares in the last quarter. M&T Bank Corp boosted its stake in Mosaic by 2.3% in the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock worth $508,000 after purchasing an additional 466 shares during the period. Geneos Wealth Management Inc. grew its position in Mosaic by 51.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 491 shares in the last quarter. Finally, Fulcrum Asset Management LLP grew its position in Mosaic by 17.2% during the 4th quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock worth $85,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of NYSE MOS opened at $24.17 on Tuesday. 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 Mosaic Company has a one year low of $19.80 and a one year high of $36.99. The business’s 50-day moving average price is $22.40 and its two-hundred day moving average price is $24.03. The company has a market capitalization of $7.68 billion, a P/E ratio of -11.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.82.

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

Mosaic Announces Dividend

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

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was 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 company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Wells Fargo & Company dropped their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. BNP Paribas Exane reduced their price objective on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a research report on Tuesday, May 12th. Finally, Rothschild & Co Redburn started coverage on Mosaic in a report on Friday, June 26th. They issued a “buy” rating and a $30.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.17.

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.