Magnetar Financial LLC Lowers Position in The Mosaic Company (NYSE:MOS)

Magnetar Financial LLC decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 68.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,963 shares of the basic materials company’s stock after selling 84,212 shares during the quarter. Magnetar Financial LLC’s holdings in Mosaic were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Highlander Capital Management LLC lifted its holdings in shares of Mosaic by 515.4% in the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 670 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Mosaic in the 1st quarter valued at approximately $40,000. Blue Trust Inc. boosted its holdings in shares of Mosaic by 40.0% in the 2nd 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 during the period. Fidelis Capital Partners LLC bought a new position in shares of Mosaic during the 1st quarter valued at approximately $50,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in Mosaic during the 2nd quarter valued at $46,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

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 business’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $29.23. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.57 and a beta of 1.36. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30.

Mosaic (NYSE:MOS) last posted its quarterly earnings results 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 business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. On average, equities research analysts anticipate that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared 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 of this dividend 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 is presently 35.74%.

Analysts Set New Price Targets

Several research analysts have commented on MOS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Barclays cut their price target 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. Piper Sandler dropped their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Wells Fargo & Company reduced their price target on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, UBS Group dropped their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $34.91.

Insider Transactions at Mosaic

In related 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 transaction of $1,111,354.08. Following the sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the 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 sale, the director now owns 34,359 shares of the company’s stock, valued at $938,687.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction 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 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.

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.