Leonteq Securities AG Acquires New Stake in The Mosaic Company $MOS

Leonteq Securities AG acquired a new stake in shares of The Mosaic Company (NYSE:MOS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 88,672 shares of the basic materials company’s stock, valued at approximately $2,136,000.

A number of other large investors also recently bought and sold shares of MOS. AQR Capital Management LLC boosted its holdings in Mosaic by 632.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after acquiring an additional 7,294,205 shares during the period. Bank of New York Mellon Corp boosted its holdings in Mosaic by 102.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after acquiring an additional 3,894,947 shares during the period. Merewether Investment Management LP purchased a new position in Mosaic during the 2nd quarter valued at $72,380,000. Dimensional Fund Advisors LP raised its position in Mosaic by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after purchasing an additional 1,285,883 shares in the last quarter. Finally, Truist Financial Corp raised its position in Mosaic by 60.1% during the 3rd quarter. Truist Financial Corp now owns 3,237,903 shares of the basic materials company’s stock valued at $112,290,000 after purchasing an additional 1,215,063 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MOS shares. Scotiabank reaffirmed an “outperform” rating and set a $30.00 target price on shares of Mosaic in a research report on Tuesday. Freedom Capital lowered Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Bank of America lowered Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the company from $33.00 to $30.00 in a research report on Friday, March 20th. Mizuho decreased their target price on Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, BNP Paribas Exane decreased their target price on Mosaic from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.44.

Mosaic Trading Up 2.4%

MOS opened at $21.92 on Thursday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 168.59, a PEG ratio of 1.91 and a beta of 0.79. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 12 month low of $20.89 and a 12 month high of $38.23. The stock has a fifty day moving average price of $24.76 and a 200-day moving average price of $25.72.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, equities research analysts anticipate that The Mosaic Company will post 1.11 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s payout ratio is presently 676.92%.

Mosaic Company 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.