The Mosaic Company (NYSE:MOS) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of The Mosaic Company (NYSE:MOS) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,260 shares of the basic materials company’s stock after purchasing an additional 11,887 shares during the period. Commonwealth Equity Services LLC’s holdings in Mosaic were worth $2,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in Mosaic by 7.8% during the 4th quarter. QRG Capital Management Inc. now owns 15,814 shares of the basic materials company’s stock worth $565,000 after buying an additional 1,138 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mosaic by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock worth $141,829,000 after acquiring an additional 189,706 shares during the last quarter. Ieq Capital LLC increased its position in shares of Mosaic by 4.6% during the fourth quarter. Ieq Capital LLC now owns 12,865 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 566 shares in the last quarter. Boston Partners acquired a new position in Mosaic in the 4th quarter valued at $2,411,000. Finally, Avantax Advisory Services Inc. lifted its holdings in Mosaic by 12.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,953 shares of the basic materials company’s stock valued at $463,000 after purchasing an additional 1,446 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler dropped their target price on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Wells Fargo & Company dropped their price objective on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. UBS Group lowered their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Barclays cut 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.33.

Insider Activity

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction 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 owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $25.19 on Friday. The stock has a fifty day simple moving average of $27.93 and a 200-day simple moving average of $29.56. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.10 billion, a PE ratio of 10.59, a P/E/G ratio of 1.61 and a beta of 1.36. The Mosaic Company has a twelve month low of $24.11 and a twelve month high of $40.58.

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

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.34%. Mosaic’s dividend payout ratio is currently 35.74%.

About Mosaic

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.