Jupiter Asset Management Ltd. Acquires New Shares in The Mosaic Company $MOS

Jupiter Asset Management Ltd. acquired a new stake in The Mosaic Company (NYSE:MOS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,112,866 shares of the basic materials company’s stock, valued at approximately $38,594,000. Jupiter Asset Management Ltd. owned 0.35% of Mosaic as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. First Horizon Advisors Inc. boosted its position in Mosaic by 172.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Rothschild Investment LLC grew its position in Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Rexford Capital Inc. bought a new position in Mosaic in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after buying an additional 764 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS opened at $30.20 on Friday. The business has a 50-day moving average of $26.77 and a 200-day moving average of $28.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s dividend payout ratio is currently 22.80%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce dropped their price target on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. HSBC cut their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Mizuho lowered their target price on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. cut their price target on Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $31.50.

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.