Elo Mutual Pension Insurance Co Sells 1,247 Shares of The Mosaic Company (NYSE:MOS)

Elo Mutual Pension Insurance Co reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,438 shares of the basic materials company’s stock after selling 1,247 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Mosaic were worth $822,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Highlander Capital Management LLC raised its holdings in shares of Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 670 shares during the period. Mather Group LLC. acquired a new position in Mosaic in the 1st quarter worth $40,000. Blue Trust Inc. increased its holdings in Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Mosaic in the 1st quarter valued at about $50,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic in the second quarter valued at about $46,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of MOS opened at $25.56 on Friday. The company has a market cap of $8.22 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. The firm has a 50-day moving average of $27.70 and a 200-day moving average of $29.29. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54.

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

Mosaic Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MOS shares. Barclays dropped their target price on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Wells Fargo & Company lowered their price objective on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. UBS Group reduced their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Piper Sandler lowered their price target 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.91.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic 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 directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the sale, 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.