Herr Investment Group LLC Has $9.60 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

Herr Investment Group LLC raised its position in The Mosaic Company (NYSE:MOS) by 1,318.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,209 shares of the basic materials company’s stock after purchasing an additional 308,792 shares during the quarter. Mosaic accounts for approximately 0.6% of Herr Investment Group LLC’s holdings, making the stock its 13th largest holding. Herr Investment Group LLC owned 0.10% of Mosaic worth $9,601,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Highlander Capital Management LLC grew its position 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 acquiring an additional 670 shares during the period. Blue Trust Inc. grew its holdings 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 buying an additional 351 shares in the last quarter. Mather Group LLC. bought a new position in Mosaic during the first quarter worth about $40,000. ANTIPODES PARTNERS Ltd acquired a new stake in Mosaic in the 2nd quarter worth about $46,000. Finally, Fidelis Capital Partners LLC bought a new stake in Mosaic in the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Activity

In other Mosaic news, 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 value of $1,111,354.08. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at 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 value of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction that occurred 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 owns 34,359 shares in the company, valued at approximately $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Mosaic Price Performance

MOS stock opened at $26.73 on Friday. 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 $8.60 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.57 and a beta of 1.36. The company’s fifty day simple moving average is $27.76 and its 200 day simple moving average is $29.35. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $40.58.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, analysts expect that The Mosaic Company will post 2.26 earnings per share for the current year.

Mosaic Announces Dividend

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

Mosaic Company 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.