MBB Public Markets I LLC Has $1.23 Million Stock Position in The Mosaic Company (NYSE:MOS)

MBB Public Markets I LLC increased its position in shares of The Mosaic Company (NYSE:MOS) by 120.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 42,690 shares of the basic materials company’s stock after purchasing an additional 23,300 shares during the quarter. MBB Public Markets I LLC’s holdings in Mosaic were worth $1,234,000 at the end of the most recent quarter.

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

Mosaic Trading Down 0.9 %

MOS opened at $26.78 on Tuesday. The firm’s fifty day simple moving average is $27.33 and its 200 day simple moving average is $29.08. The stock has a market capitalization of $8.61 billion, a P/E ratio of 11.40, a P/E/G 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 Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS) last posted its quarterly earnings data 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 firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. As a group, research analysts anticipate that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.21 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.14%. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MOS shares. Barclays dropped 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. 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 report on Tuesday, July 9th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. 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 report on Tuesday, June 11th. Finally, Wells Fargo & Company decreased their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.73.

Insider Transactions at Mosaic

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction that occurred 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 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 available at 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 shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, 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 insiders.

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.