Murphy Pohlad Asset Management LLC Buys 32,225 Shares of The Mosaic Company $MOS

by · The Markets Daily

Murphy Pohlad Asset Management LLC increased its holdings in The Mosaic Company (NYSE:MOS – Free Report) by 112.8% during the 2nd quarter, Holdings Channel reports. The firm owned 60,800 shares of the basic materials company’s stock after buying an additional 32,225 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Mosaic were worth $1,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC grew its position in shares of Mosaic by 35.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock worth $71,746,000 after buying an additional 785,057 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Mosaic by 22.2% during the first quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock valued at $9,345,000 after purchasing an additional 66,608 shares in the last quarter. Tejara Capital Ltd purchased a new stake in shares of Mosaic during the 2nd quarter valued at about $1,301,000. Bank of America Corp DE raised its stake in Mosaic by 7.4% during the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock valued at $63,418,000 after buying an additional 170,724 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Mosaic by 18.6% in the 1st quarter. Royal Bank of Canada now owns 401,445 shares of the basic materials company’s stock worth $10,237,000 after buying an additional 62,883 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Trading Up 2.6%

Mosaic stock traded up $0.68 during midday trading on Tuesday, reaching $26.53. The stock had a trading volume of 10,579,856 shares, compared to its average volume of 8,792,247. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $22.79 and a 200 day moving average of $23.88. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of -13.13, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83.

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

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. Mosaic’s dividend payout ratio is presently -43.56%.

Wall Street Analyst Weigh In

MOS has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Barclays decreased their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Mizuho set a $25.00 price objective on Mosaic in a research note on Wednesday, August 5th. Scotiabank restated an “outperform” rating and set a $30.00 target price on shares of Mosaic in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.17.

Read Our Latest Research Report on Mosaic

Insider Buying and Selling at Mosaic

In related news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is owned by insiders.

Mosaic Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS – Free Report).