Point72 Asia Singapore Pte. Ltd. Sells 12,462 Shares of The Mosaic Company (NYSE:MOS)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of The Mosaic Company (NYSE:MOS) by 87.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,789 shares of the basic materials company’s stock after selling 12,462 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Mosaic were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Highlander Capital Management LLC increased its position in Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 670 shares during the period. Mather Group LLC. purchased a new position in Mosaic in the first quarter worth about $40,000. Blue Trust Inc. lifted its position in Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 351 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Mosaic during the first quarter valued at $50,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic in the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction 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 transaction, 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 hyperlink. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was 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 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 currently owned by insiders.

Analyst Ratings Changes

MOS has been the topic of several recent research reports. Wells Fargo & Company lowered 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 note on Tuesday, September 24th. Barclays dropped their price target on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. UBS Group reduced their target price 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 reiterated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Monday, August 12th. Finally, Piper Sandler cut their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.73.

Mosaic Stock Performance

NYSE:MOS opened at $26.78 on Tuesday. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. 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 stock has a market cap of $8.61 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The firm’s fifty day simple moving average is $27.33 and its 200-day simple moving average is $29.08.

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). The company had revenue of $2.82 billion for 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 business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. Analysts expect that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 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.