AustralianSuper Pty Ltd lessened its holdings in The Mosaic Company (NYSE:MOS – Free Report) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,566,821 shares of the basic materials company’s stock after selling 81,385 shares during the quarter. AustralianSuper Pty Ltd owned 0.80% of Mosaic worth $68,739,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Highlander Capital Management LLC lifted 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 worth $26,000 after buying an additional 670 shares in the last quarter. Blue Trust Inc. raised its holdings in Mosaic by 40.0% during the second 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 in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic during the second quarter valued at approximately $46,000. Kimelman & Baird LLC bought a new position in Mosaic in the second quarter valued at approximately $49,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Mosaic during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 77.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Mizuho dropped their target price on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Barclays cut their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Finally, UBS Group decreased their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.11.
Insider Activity at Mosaic
In other news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s 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 transaction, the director now owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 value of $346,035.12. Following the sale, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic 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 sale, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.
Mosaic Price Performance
Shares of MOS stock traded down $0.24 during trading on Thursday, hitting $26.93. The company had a trading volume of 552,403 shares, compared to its average volume of 4,326,491. The stock’s 50-day moving average price is $26.56 and its 200 day moving average price is $28.18. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The firm has a market capitalization of $8.66 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.35.
Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Equities analysts expect that The Mosaic Company will post 2.27 EPS for the current fiscal year.
Mosaic Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.12%. Mosaic’s dividend payout ratio is 35.74%.
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.
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