Commonwealth Equity Services LLC Purchases 11,887 Shares of The Mosaic Company (NYSE:MOS)

Commonwealth Equity Services LLC increased its stake in The Mosaic Company (NYSE:MOS) by 17.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,260 shares of the basic materials company’s stock after acquiring an additional 11,887 shares during the period. Commonwealth Equity Services LLC’s holdings in Mosaic were worth $2,348,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. lifted its holdings in shares of Mosaic by 7.8% in the 4th quarter. QRG Capital Management Inc. now owns 15,814 shares of the basic materials company’s stock worth $565,000 after acquiring an additional 1,138 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mosaic by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock valued at $141,829,000 after buying an additional 189,706 shares during the period. Ieq Capital LLC boosted its position in shares of Mosaic by 4.6% during the fourth quarter. Ieq Capital LLC now owns 12,865 shares of the basic materials company’s stock valued at $460,000 after buying an additional 566 shares during the period. Boston Partners bought a new position in shares of Mosaic during the fourth quarter valued at approximately $2,411,000. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Mosaic by 12.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,953 shares of the basic materials company’s stock worth $463,000 after buying an additional 1,446 shares during the period. 77.54% of the stock is owned by institutional investors.

Insider Transactions at Mosaic

In other news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic 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 completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 owns 136,682 shares in the company, valued at $3,821,628.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. 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. Wells Fargo & Company dropped their price objective on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. UBS Group dropped their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays lowered their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.33.

Mosaic Price Performance

Shares of NYSE MOS opened at $25.19 on Friday. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $40.58. 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 market cap of $8.10 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.61 and a beta of 1.36. The business’s 50 day moving average price is $27.93 and its 200 day moving average price is $29.56.

Mosaic (NYSE:MOS) last released its quarterly earnings data 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 return on equity of 6.92% and a net margin of 2.01%. The firm’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a $0.21 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.34%. 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.