The Mosaic Company (NYSE:MOS) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 84.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,377 shares of the basic materials company’s stock after selling 75,464 shares during the period. Seven Eight Capital LP’s holdings in Mosaic were worth $415,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Mosaic by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after buying an additional 1,893,797 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 last quarter. Dimensional Fund Advisors LP grew its position in Mosaic by 34.6% during the second 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 period. Thompson Siegel & Walmsley LLC grew its position in Mosaic by 13.6% during the second 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. increased its stake in Mosaic by 84.7% during the second 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 hedge funds and other institutional investors.

Insider Transactions at Mosaic

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction that occurred 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 sale, 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 filing with the SEC, which is accessible through this hyperlink. In other news, SVP Walter F. Precourt III sold 39,748 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 approximately $938,687.88. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $25.56 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $27.70 and a 200-day moving average of $29.28. The stock has a market cap of $8.22 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30.

Mosaic (NYSE:MOS) last released its 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). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $1.04 EPS. Mosaic’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, analysts expect that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio is presently 35.74%.

Analysts Set New Price Targets

MOS has been the subject of a number of research reports. UBS Group decreased their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Barclays dropped 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. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. 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. Finally, Wells Fargo & Company decreased their price target on Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus target price of $34.91.

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.