Vanguard Personalized Indexing Management LLC Acquires 5,918 Shares of The Mosaic Company (NYSE:MOS)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 16.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,141 shares of the basic materials company’s stock after acquiring an additional 5,918 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Mosaic were worth $1,216,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Kingsview Wealth Management LLC acquired a new position in shares of Mosaic in the 1st quarter worth approximately $1,776,000. Wellington Management Group LLP lifted its holdings in Mosaic by 1,007.5% in the fourth quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after buying an additional 219,463 shares during the period. Manning & Napier Advisors LLC bought a new stake in Mosaic during the second quarter valued at $3,610,000. Duality Advisers LP grew its holdings in Mosaic by 523.0% during the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock worth $7,024,000 after acquiring an additional 181,654 shares during the period. Finally, Alberta Investment Management Corp raised its position in shares of Mosaic by 263.7% in the 4th quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock worth $806,000 after acquiring an additional 16,350 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 4.4 %

Mosaic stock opened at $25.56 on Monday. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. The firm’s fifty day moving average price is $27.70 and its two-hundred day moving average price is $29.28. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

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 the consensus estimate of $0.66 by ($0.12). The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. On average, equities research analysts predict that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.29%. Mosaic’s payout ratio is 35.74%.

Analysts Set New Price Targets

Several brokerages recently commented on MOS. Wells Fargo & Company cut their target price on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Monday, August 12th. Barclays dropped their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. UBS Group reduced their price target 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. Finally, 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 report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.91.

Insider Buying and Selling

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction 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 transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 SEC, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction 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 in the company, valued at $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.