XTX Topco Ltd Grows Position in The Mosaic Company (NYSE:MOS)

XTX Topco Ltd lifted its position in shares of The Mosaic Company (NYSE:MOS) by 157.5% in the second quarter, Holdings Channel reports. The firm owned 51,097 shares of the basic materials company’s stock after purchasing an additional 31,254 shares during the period. XTX Topco Ltd’s holdings in Mosaic were worth $1,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOS. Kingsview Wealth Management LLC purchased a new stake in Mosaic during the first quarter worth approximately $1,776,000. Wellington Management Group LLP boosted its position in Mosaic by 1,007.5% during the 4th quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock worth $8,620,000 after purchasing an additional 219,463 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Mosaic in the 2nd quarter valued at $3,610,000. Duality Advisers LP increased its holdings in Mosaic by 523.0% in the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock valued at $7,024,000 after purchasing an additional 181,654 shares in the last quarter. Finally, Alberta Investment Management Corp raised its position in Mosaic by 263.7% in the fourth quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock valued at $806,000 after purchasing an additional 16,350 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of MOS stock opened at $25.56 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.57 and a beta of 1.36. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The company’s 50-day simple moving average is $27.70 and its 200-day simple moving average is $29.31.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. Mosaic’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. Equities analysts anticipate that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.29%. Mosaic’s payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

MOS has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. Barclays decreased their price target on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Piper Sandler dropped their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. UBS Group decreased their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company lowered their price target on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $35.33.

Insider Buying and Selling

In other news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.