Amalgamated Bank Has $3.02 Million Position in The Mosaic Company (NYSE:MOS)

Amalgamated Bank cut its position in shares of The Mosaic Company (NYSE:MOS) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,401 shares of the basic materials company’s stock after selling 7,985 shares during the period. Amalgamated Bank’s holdings in Mosaic were worth $3,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $1,277,536,000 after buying an additional 1,893,797 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mosaic by 1,815.5% in the 1st 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. Dimensional Fund Advisors LP boosted 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 worth $183,155,000 after purchasing an additional 1,628,850 shares during the period. Thompson Siegel & Walmsley LLC boosted 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 worth $74,552,000 after purchasing an additional 308,110 shares during the period. Finally, Donald Smith & CO. Inc. increased its holdings in shares of Mosaic by 84.7% in the second quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock valued at $60,205,000 after purchasing an additional 955,199 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, 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 transaction of $346,035.12. Following the sale, 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 SEC, which is accessible through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $25.34 on Tuesday. 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 market capitalization of $8.15 billion, a PE ratio of 10.78, a PEG ratio of 1.57 and a beta of 1.36. The firm has a 50 day moving average of $27.63 and a 200-day moving average of $29.23. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS) last issued its earnings results 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). 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 business posted $1.04 EPS. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, equities research analysts predict that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.21 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.31%. Mosaic’s dividend payout ratio (DPR) is currently 35.74%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company reduced 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued 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 for the company in a report on Tuesday, July 9th. Piper Sandler decreased their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Finally, Barclays dropped their target price on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.91.

Mosaic 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.