The Mosaic Company (NYSE:MOS) Holdings Lifted by Kamunting Street Capital Management L.P.

Kamunting Street Capital Management L.P. increased its holdings in The Mosaic Company (NYSE:MOS) by 60.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,610 shares of the basic materials company’s stock after purchasing an additional 57,610 shares during the period. Mosaic makes up about 4.1% of Kamunting Street Capital Management L.P.’s holdings, making the stock its 10th biggest holding. Kamunting Street Capital Management L.P.’s holdings in Mosaic were worth $4,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its position in Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the period. Moors & Cabot Inc. boosted its holdings in Mosaic by 5.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 382 shares during the period. Uncommon Cents Investing LLC boosted its holdings in Mosaic by 3.2% during the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock valued at $438,000 after acquiring an additional 415 shares during the period. CX Institutional increased its stake in Mosaic by 1.5% in the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock worth $823,000 after purchasing an additional 418 shares during the period. Finally, Wahed Invest LLC increased its stake in Mosaic by 8.6% in the 4th quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 445 shares during the period. Institutional investors own 77.54% of the company’s stock.

Insiders Place Their Bets

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 sale, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the company’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 in the company, valued at approximately $938,687.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,111,354.08. Following the transaction, the senior vice president now directly 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. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price 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. Barclays cut their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. 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. Finally, UBS Group reduced their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.91.

Mosaic Price Performance

Shares of NYSE MOS opened at $25.34 on Tuesday. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The stock has a market capitalization of $8.15 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.57 and a beta of 1.36. The company’s 50-day moving average is $27.63 and its 200 day moving average is $29.23. 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 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). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue was down 17.0% on a year-over-year basis. On average, sell-side analysts expect that The Mosaic Company will post 2.26 earnings per share for the current year.

Mosaic Announces Dividend

The company 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. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.31%. Mosaic’s payout ratio is 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.