Maple Rock Capital Partners Inc. Takes Position in The Mosaic Company $MOS

Maple Rock Capital Partners Inc. purchased a new stake in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,680,000 shares of the basic materials company’s stock, valued at approximately $56,789,000. Mosaic makes up approximately 1.1% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 28th biggest position. Maple Rock Capital Partners Inc. owned about 0.84% of Mosaic as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Mosaic in the second quarter worth $524,484,000. Dimensional Fund Advisors LP boosted its holdings in shares of Mosaic by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after buying an additional 832,914 shares in the last quarter. State Street Corp grew its position in shares of Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after buying an additional 240,146 shares during the period. Invesco Ltd. grew its position in shares of Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after buying an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Mosaic by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after acquiring an additional 63,822 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Walter F. Precourt III sold 23,000 shares of the company’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 transaction, the senior vice president owned 116,198 shares in the company, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Rothschild & Co Redburn initiated coverage on shares of Mosaic in a report on Friday, June 26th. They issued a “buy” rating and a $30.00 price objective on the stock. BMO Capital Markets decreased their target price on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. The Goldman Sachs Group lowered their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Wall Street Zen cut Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Seven 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.17.

Mosaic Price Performance

Shares of NYSE:MOS opened at $24.17 on Tuesday. The business has a fifty day moving average price of $22.40 and a 200-day moving average price of $24.03. 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 company has a market capitalization of $7.68 billion, a PE ratio of -11.97, a PEG ratio of 4.27 and a beta of 0.82. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99.

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, topping analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Mosaic’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts expect that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

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

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.