Mercer Global Advisors Inc. ADV Acquires 8,550 Shares of The Mosaic Company (NYSE:MOS)

Mercer Global Advisors Inc. ADV grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 56.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,595 shares of the basic materials company’s stock after buying an additional 8,550 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Mosaic were worth $678,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Highlander Capital Management LLC lifted its holdings in Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares during the period. Blue Trust Inc. raised its holdings in Mosaic by 40.0% in the second 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. Mather Group LLC. purchased a new position in Mosaic during the first quarter valued at $40,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic during the 2nd quarter valued at $46,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Mosaic in the 1st quarter worth about $50,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

MOS opened at $26.52 on Friday. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.60 and a beta of 1.36. 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 company’s 50 day moving average is $27.38 and its 200 day moving average is $29.14.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $1.04 earnings per share. On average, equities research analysts predict that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is currently 35.74%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Piper Sandler dropped 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. Wells Fargo & Company cut their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group lowered their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays reduced their price objective on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus price target of $34.73.

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.