The Mosaic Company (NYSE:MOS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of The Mosaic Company (NYSE:MOS) by 40.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,277 shares of the basic materials company’s stock after selling 74,646 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Mosaic were worth $3,216,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MOS. Kingsview Wealth Management LLC acquired a new position in shares of Mosaic in the 1st quarter valued at $1,776,000. Wellington Management Group LLP raised its stake in shares of Mosaic by 1,007.5% in 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 shares of Mosaic in the 2nd quarter valued at $3,610,000. Duality Advisers LP raised its stake in shares of Mosaic by 523.0% in 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 stake 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 valued at $806,000 after acquiring an additional 16,350 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Up 0.9 %

Mosaic stock opened at $25.65 on Wednesday. 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 firm has a 50-day moving average price of $27.81 and a two-hundred day moving average price of $29.39. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.57 and a beta of 1.36. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $40.58.

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

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.27%. Mosaic’s dividend payout ratio (DPR) is 35.74%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MOS shares. 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 research note on Friday, August 9th. UBS Group dropped their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note 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. Finally, Barclays decreased their price objective on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.33.

Insiders Place Their Bets

In related news, SVP Walter F. Precourt III sold 39,748 shares of the business’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 sale, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 34,359 shares in the company, valued at $938,687.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’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 transaction, 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. 0.86% of the stock is owned by 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.