Texas Permanent School Fund Corp Lowers Position in The Mosaic Company (NYSE:MOS)

Texas Permanent School Fund Corp cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,030 shares of the basic materials company’s stock after selling 13,530 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Mosaic were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Highlander Capital Management LLC grew its holdings in shares of Mosaic by 515.4% during 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 during the period. Blue Trust Inc. grew its holdings in shares of Mosaic by 40.0% during 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. Mather Group LLC. purchased a new position in shares of Mosaic during the 1st quarter worth $40,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Mosaic during the 2nd quarter worth $46,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Mosaic during the 1st quarter worth $50,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the topic of several research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Barclays decreased their target price on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. UBS Group decreased their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company decreased their target price on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler decreased their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.33.

Insider Buying and Selling at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic 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 transaction, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Mosaic Trading Up 0.9 %

NYSE:MOS opened at $25.87 on Thursday. The stock’s 50 day moving average price is $27.79 and its 200 day moving average price is $29.37. The company has a market capitalization of $8.32 billion, a PE ratio of 11.01, a P/E/G ratio of 1.57 and a beta of 1.36. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $40.58.

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

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. Mosaic’s dividend payout ratio (DPR) is currently 35.74%.

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.