Core Capital Management & Research inc. Takes $2.74 Million Position in The Mosaic Company $MOS

Core Capital Management & Research inc. bought a new position in The Mosaic Company (NYSE:MOS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 129,343 shares of the basic materials company’s stock, valued at approximately $2,741,000. Mosaic makes up approximately 1.4% of Core Capital Management & Research inc.’s holdings, making the stock its 27th biggest holding.

Several other institutional investors also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of Mosaic by 56.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 34,042 shares of the basic materials company’s stock valued at $721,000 after purchasing an additional 12,259 shares during the last quarter. SailingStone Capital Partners LLC purchased a new stake in shares of Mosaic in the second quarter worth about $25,160,000. WINTON GROUP Ltd lifted its position in shares of Mosaic by 154.6% in the second quarter. WINTON GROUP Ltd now owns 22,793 shares of the basic materials company’s stock worth $483,000 after buying an additional 13,841 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in Mosaic by 19.2% during the second quarter. Cidel Asset Management Inc. now owns 12,885 shares of the basic materials company’s stock valued at $273,000 after buying an additional 2,072 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Mosaic by 25.2% during the second quarter. Integrated Wealth Concepts LLC now owns 63,727 shares of the basic materials company’s stock valued at $1,350,000 after buying an additional 12,834 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

NYSE:MOS opened at $26.21 on Thursday. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of -12.98, a PEG ratio of 4.80 and a beta of 0.83. 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 business has a 50 day simple moving average of $22.99 and a 200-day simple moving average of $23.83. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.Mosaic’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities analysts forecast that The Mosaic Company will post 0.54 EPS for the current 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. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. Mosaic’s dividend payout ratio is currently -43.56%.

Analyst Ratings Changes

MOS has been the subject of several research analyst reports. Morgan Stanley cut their price target on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Berenberg Bank decreased their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Barclays lowered their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Finally, Scotiabank reissued an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Tuesday, May 19th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.17.

Insider Activity

In other news, SVP Walter Precourt, III sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the sale, the senior vice president owned 116,198 shares in the company, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

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.