Pacer Advisors Inc. Sells 4,534,904 Shares of The Mosaic Company (NYSE:MOS)

Pacer Advisors Inc. decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 99.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,775 shares of the basic materials company’s stock after selling 4,534,904 shares during the period. Pacer Advisors Inc.’s holdings in Mosaic were worth $1,352,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MOS. Kingsview Wealth Management LLC purchased a new position in Mosaic during the 1st quarter valued at about $1,776,000. Wellington Management Group LLP lifted its position in Mosaic by 1,007.5% during the 4th quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after acquiring an additional 219,463 shares during the period. Manning & Napier Advisors LLC purchased a new position in Mosaic during the 2nd quarter valued at about $3,610,000. Duality Advisers LP lifted its position in Mosaic by 523.0% during the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock valued at $7,024,000 after acquiring an additional 181,654 shares during the period. Finally, Alberta Investment Management Corp raised its holdings in Mosaic by 263.7% in the fourth quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock worth $806,000 after buying an additional 16,350 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 1.8 %

Shares of Mosaic stock opened at $27.02 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The Mosaic Company has a twelve month low of $24.11 and a twelve month high of $38.30. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company’s 50 day moving average is $27.38 and its 200 day moving average is $29.14.

Mosaic (NYSE:MOS) last released 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). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The firm’s revenue was down 17.0% on a year-over-year basis. Research analysts anticipate that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.11%. Mosaic’s payout ratio is presently 35.74%.

Analysts Set New Price Targets

Several research analysts have issued reports on MOS shares. Piper Sandler decreased 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. UBS Group decreased 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. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Finally, Barclays reduced their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.73.

Insiders Place Their Bets

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

Mosaic 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.