Jennison Associates LLC Boosts Position in The Mosaic Company $MOS

Jennison Associates LLC grew its stake in The Mosaic Company (NYSE:MOS) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,722 shares of the basic materials company’s stock after buying an additional 23,297 shares during the quarter. Jennison Associates LLC’s holdings in Mosaic were worth $6,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOS. NewEdge Advisors LLC increased its position in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares in the last quarter. United Services Automobile Association purchased a new stake in Mosaic in the first quarter worth about $201,000. Empowered Funds LLC increased its position in Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 34,151 shares in the last quarter. Woodline Partners LP increased its position in Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after buying an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Mizuho reduced their price target on Mosaic from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. The Goldman Sachs Group cut their target price on Mosaic from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company cut their target price on Mosaic from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada set a $28.00 target price on Mosaic and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. cut Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price for the company. in a research report on Thursday, February 26th. Four 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. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $29.40.

Mosaic Price Performance

Shares of Mosaic stock opened at $23.15 on Friday. The stock has a 50 day moving average of $25.96 and a 200 day moving average of $26.33. The Mosaic Company has a 12 month low of $22.74 and a 12 month high of $38.23. The firm has a market cap of $7.35 billion, a PE ratio of 13.70, a PEG ratio of 1.39 and a beta of 0.79. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company posted $0.45 earnings per share. Mosaic’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that The Mosaic Company will post 1.56 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a yield of 3.8%. Mosaic’s dividend payout ratio is presently 52.07%.

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.