The Mosaic Company (NYSE:MOS) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 701,683 shares of the basic materials company’s stock after selling 84,528 shares during the quarter. Hsbc Holdings PLC owned about 0.22% of Mosaic worth $20,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new stake in shares of Mosaic during the 1st quarter worth about $1,776,000. Wellington Management Group LLP increased its position in shares of Mosaic by 1,007.5% during 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 acquiring an additional 219,463 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Mosaic in the 2nd quarter valued at approximately $3,610,000. Duality Advisers LP lifted its holdings 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 worth $7,024,000 after acquiring an additional 181,654 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its position in shares of Mosaic by 263.7% during the 4th quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock worth $806,000 after purchasing an additional 16,350 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS opened at $25.56 on Friday. 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 firm’s fifty day simple moving average is $27.70 and its 200-day simple moving average is $29.29. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.57 and a beta of 1.36. The Mosaic Company has a twelve month low of $24.11 and a twelve month high of $38.30.

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

Mosaic Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on MOS shares. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Barclays lowered their target price on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. UBS Group cut 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. Wells Fargo & Company lowered their price objective on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, Piper Sandler cut their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $34.91.

Insider Activity at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’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 of the company’s stock, valued at $938,687.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now owns 34,359 shares of the company’s stock, valued at $938,687.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’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 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 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.