Appian Way Asset Management LP Takes Position in The Mosaic Company (NYSE:MOS)

Appian Way Asset Management LP purchased a new stake in The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 354,371 shares of the basic materials company’s stock, valued at approximately $10,241,000. Mosaic makes up 2.6% of Appian Way Asset Management LP’s holdings, making the stock its 13th biggest holding. Appian Way Asset Management LP owned about 0.11% of Mosaic as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Highlander Capital Management LLC grew its position in Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 670 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Mosaic in the 1st quarter valued at $40,000. Blue Trust Inc. boosted its holdings in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Mosaic during the first quarter worth $50,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Mosaic during the second quarter valued at about $46,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 0.9 %

Mosaic stock opened at $25.34 on Tuesday. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. The business has a 50 day moving average price of $27.63 and a two-hundred day moving average price of $29.23. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last posted its quarterly 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 return on equity of 6.92% and a net margin of 2.01%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. As a group, equities analysts forecast that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Analyst Upgrades and Downgrades

MOS has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Wells Fargo & Company lowered their target price on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Barclays dropped their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, UBS Group lowered their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. One 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.91.

Insiders Place Their Bets

In other news, 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 directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction dated 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 sale, the director now owns 34,359 shares in the company, valued at approximately $938,687.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,821,628.72. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.