Metropolitan Life Insurance Co NY Has $1.52 Million Stake in The Mosaic Company (NYSE:MOS)

Metropolitan Life Insurance Co NY lessened its stake in shares of The Mosaic Company (NYSE:MOSGet Rating) by 46.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,859 shares of the basic materials company’s stock after selling 19,492 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Mosaic were worth $1,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Candriam Luxembourg S.C.A. grew its stake in shares of Mosaic by 12.1% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 62,430 shares of the basic materials company’s stock valued at $2,453,000 after buying an additional 6,720 shares during the period. Kestra Advisory Services LLC increased its stake in Mosaic by 47.4% during the 1st quarter. Kestra Advisory Services LLC now owns 15,565 shares of the basic materials company’s stock valued at $1,035,000 after purchasing an additional 5,003 shares in the last quarter. First Command Bank bought a new stake in Mosaic during the 1st quarter valued at $36,000. Mutual of America Capital Management LLC raised its holdings in Mosaic by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 49,433 shares of the basic materials company’s stock worth $3,287,000 after buying an additional 531 shares during the last quarter. Finally, Veriti Management LLC acquired a new position in shares of Mosaic during the first quarter valued at about $359,000. 82.24% of the stock is owned by institutional investors.

Mosaic Stock Performance

Shares of MOS opened at $54.84 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 0.65. The firm has a market cap of $19.85 billion, a PE ratio of 6.25, a PEG ratio of 0.63 and a beta of 1.62. The Mosaic Company has a 1 year low of $30.58 and a 1 year high of $79.28. The stock’s fifty day moving average price is $50.89 and its two-hundred day moving average price is $57.22.

Mosaic (NYSE:MOSGet Rating) last announced its quarterly earnings data on Monday, August 1st. The basic materials company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.29). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.62 billion. Mosaic had a net margin of 19.66% and a return on equity of 30.83%. The company’s revenue was up 91.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 13.62 EPS for the current year.

Mosaic announced that its Board of Directors has initiated a share repurchase program on Monday, August 1st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 31st. Mosaic’s payout ratio is presently 6.84%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MOS. Piper Sandler raised their price target on shares of Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Barclays dropped their price objective on Mosaic from $59.00 to $52.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 10th. Credit Suisse Group started coverage on shares of Mosaic in a research report on Thursday, July 14th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Moderate Buy” and an average price target of $64.88.

Mosaic Profile

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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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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