Marshall Wace LLP Makes New $7.22 Million Investment in The Mosaic Company (NYSE:MOS)

Posted by Defense World Staff on Mar 12th, 2023

Marshall Wace LLP acquired a new position in The Mosaic Company (NYSE:MOS – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 149,326 shares of the basic materials company’s stock, valued at approximately $7,217,000.

A number of other institutional investors have also added to or reduced their stakes in the company. High Net Worth Advisory Group LLC purchased a new stake in shares of Mosaic in the first quarter worth $33,000. Guardian Wealth Advisors LLC purchased a new stake in shares of Mosaic in the third quarter worth $27,000. Penserra Capital Management LLC purchased a new stake in shares of Mosaic in the first quarter worth $44,000. McIlrath & Eck LLC purchased a new stake in shares of Mosaic in the third quarter worth $34,000. Finally, Carolinas Wealth Consulting LLC grew its stake in shares of Mosaic by 3,186.4% in the first quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 701 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Mosaic Stock Down 6.6 %

MOS stock opened at $49.08 on Friday. The Mosaic Company has a fifty-two week low of $40.29 and a fifty-two week high of $79.28. The business’s 50-day moving average is $49.49 and its two-hundred day moving average is $50.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 1.18. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 4.92, a P/E/G ratio of 0.90 and a beta of 1.53.

Mosaic (NYSE:MOS – Get Rating) last posted its earnings results on Thursday, February 23rd. The basic materials company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.34). Mosaic had a net margin of 18.73% and a return on equity of 33.04%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the company posted $1.95 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. As a group, analysts forecast that The Mosaic Company will post 7.79 earnings per share for the current year.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. This is an increase from Mosaic’s previous quarterly dividend of $0.20. Mosaic’s dividend payout ratio (DPR) is 8.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on Mosaic from $50.00 to $53.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. JPMorgan Chase & Co. dropped their price objective on Mosaic from $75.00 to $60.00 in a research report on Friday, February 24th. Wells Fargo & Company began coverage on Mosaic in a research report on Wednesday, January 18th. They set an “equal weight” rating and a $47.00 price objective on the stock. Credit Suisse Group increased their price objective on Mosaic from $39.00 to $42.00 and gave the company an “underperform” rating in a research report on Thursday, February 23rd. Finally, Mizuho increased their price objective on Mosaic from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.33.

Mosaic Company Profile

(Get Rating)

The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients.