Handelsbanken Fonder AB Increases Stake in The Mosaic Company (NYSE:MOS)

Handelsbanken Fonder AB lifted its stake in The Mosaic Company (NYSE:MOS) by 11.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,000 shares of the basic materials company’s stock after buying an additional 8,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mosaic were worth $2,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Highlander Capital Management LLC lifted its stake in Mosaic by 515.4% in the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 670 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Mosaic in the first quarter worth about $40,000. Blue Trust Inc. boosted its stake in Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Mosaic during the 1st quarter valued at approximately $50,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Mosaic in the 2nd quarter worth approximately $46,000. Institutional investors own 77.54% of the company’s stock.

Insider Activity at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were 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 in the company, valued at $938,687.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mosaic news, 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 sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction 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 transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on MOS shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. 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 note on Friday, August 16th. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. UBS Group dropped their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Mizuho lowered their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.33.

Mosaic Stock Down 2.1 %

Shares of NYSE:MOS opened at $25.27 on Thursday. The firm has a market capitalization of $8.13 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. The business has a 50 day simple moving average of $26.87 and a two-hundred day simple moving average of $28.79. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54.

Mosaic (NYSE:MOS) last posted 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). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. Mosaic’s revenue was down 17.0% compared to the same quarter last year. On average, equities analysts predict that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio is presently 35.74%.

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.