Kamunting Street Capital Management L.P. Increases Stock Holdings in The Mosaic Company (NYSE:MOS)

Kamunting Street Capital Management L.P. raised its position in The Mosaic Company (NYSE:MOS) by 60.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 152,610 shares of the basic materials company’s stock after acquiring an additional 57,610 shares during the period. Mosaic makes up about 4.1% of Kamunting Street Capital Management L.P.’s holdings, making the stock its 10th largest position. Kamunting Street Capital Management L.P.’s holdings in Mosaic were worth $4,410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Mosaic in the 2nd quarter valued at $1,815,000. Sagefield Capital LP boosted its stake in shares of Mosaic by 6.5% in the 2nd quarter. Sagefield Capital LP now owns 108,430 shares of the basic materials company’s stock worth $3,134,000 after buying an additional 6,660 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Mosaic by 34.9% in the second quarter. Bank of Montreal Can now owns 701,536 shares of the basic materials company’s stock valued at $20,674,000 after acquiring an additional 181,601 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Mosaic by 13.3% during the second quarter. Evergreen Capital Management LLC now owns 24,994 shares of the basic materials company’s stock valued at $722,000 after acquiring an additional 2,939 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Mosaic by 64.4% during the second quarter. Public Sector Pension Investment Board now owns 12,463 shares of the basic materials company’s stock worth $360,000 after acquiring an additional 4,884 shares during the period. Institutional investors own 77.54% of the company’s stock.

Insider Buying and Selling

In other 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 transaction, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the firm’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 sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $346,035.12. Following the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Mosaic Trading Down 0.9 %

NYSE:MOS opened at $25.34 on Tuesday. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The stock’s fifty day moving average price is $27.63 and its two-hundred day moving average price is $29.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The company has a market cap of $8.15 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.57 and a beta of 1.36.

Mosaic (NYSE:MOS) last issued 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). The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. As a group, analysts expect that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.31%. Mosaic’s dividend payout ratio is currently 35.74%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MOS. Barclays reduced their price objective on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Wells Fargo & Company decreased their price objective 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. UBS Group dropped their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Piper Sandler decreased their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target 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.