Daiwa Securities Group Inc. Has $1.01 Million Holdings in The Mosaic Company (NYSE:MOS)

Daiwa Securities Group Inc. raised its position in The Mosaic Company (NYSE:MOS) by 8.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 34,964 shares of the basic materials company’s stock after acquiring an additional 2,767 shares during the period. Daiwa Securities Group Inc.’s holdings in Mosaic were worth $1,010,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MOS. Price T Rowe Associates Inc. MD grew its stake in Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after acquiring an additional 10,124,427 shares during the period. Norges Bank acquired a new stake in Mosaic in the fourth quarter valued at approximately $107,893,000. Vanguard Group Inc. lifted its holdings in shares of Mosaic by 5.1% in the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares in the last quarter. Boston Partners lifted its holdings in shares of Mosaic by 1,795.5% in the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after purchasing an additional 1,211,544 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Mosaic in the first quarter valued at approximately $37,936,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Activity

In other news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total value 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 disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Mosaic Stock Performance

Shares of MOS opened at $26.39 on Monday. The firm has a market cap of $8.41 billion, a PE ratio of 11.23, a PEG ratio of 1.57 and a beta of 1.36. The stock’s fifty day moving average price is $27.86 and its two-hundred day moving average price is $29.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $40.58.

Mosaic (NYSE:MOS) last announced 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 during the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. Mosaic’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MOS shares. Piper Sandler dropped their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. UBS Group dropped their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company dropped their price target on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a report on Monday, August 12th. Finally, Barclays dropped their price target on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.33.

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.