Intech Investment Management LLC Cuts Stake in The Mosaic Company (NYSE:MOS)

Intech Investment Management LLC cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 65.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,370 shares of the basic materials company’s stock after selling 189,008 shares during the quarter. Intech Investment Management LLC’s holdings in Mosaic were worth $2,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MOS. Vanguard Group Inc. lifted its stake in Mosaic by 5.1% in the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after purchasing an additional 1,893,797 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 worth $346,743,000 after buying an additional 10,124,427 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after acquiring an additional 1,628,850 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Mosaic by 13.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company’s stock valued at $74,552,000 after acquiring an additional 308,110 shares during the period. Finally, Donald Smith & CO. Inc. grew its position in Mosaic by 84.7% during the 2nd quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock worth $60,205,000 after acquiring an additional 955,199 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 in the company, valued at $938,687.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the business’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 sale, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The sale 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 stock in a transaction 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 transaction, 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. Corporate insiders own 0.86% of the company’s stock.

Mosaic Stock Down 4.4 %

Shares of NYSE:MOS opened at $25.56 on Monday. 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 Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The firm has a market capitalization of $8.22 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.57 and a beta of 1.36. The stock has a 50 day moving average price of $27.70 and a 200-day moving average price of $29.28.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $2.82 billion for 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%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS. As a group, equities research analysts anticipate that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s payout ratio is currently 35.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MOS. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Piper Sandler cut their price target 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. Barclays decreased their price objective on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. 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 report on Friday, August 9th. Finally, UBS Group lowered their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.91.

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.