Goehring & Rozencwajg Associates LLC Has $13.06 Million Stake in The Mosaic Company (NYSE:MOS)

Goehring & Rozencwajg Associates LLC increased its stake in shares of The Mosaic Company (NYSE:MOS) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,876 shares of the basic materials company’s stock after acquiring an additional 41,200 shares during the period. Mosaic comprises about 2.6% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 13th largest position. Goehring & Rozencwajg Associates LLC owned about 0.14% of Mosaic worth $13,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highlander Capital Management LLC raised its holdings in shares of Mosaic by 515.4% during 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 during the period. Mather Group LLC. bought a new position in Mosaic in the first quarter valued at $40,000. Blue Trust Inc. grew its position in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 351 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Mosaic in the first quarter valued at $50,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Mosaic in the second quarter valued at $46,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mosaic

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was 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 $938,687.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s 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 sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 owns 136,682 shares of the company’s stock, 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.

Analyst Upgrades and Downgrades

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

Mosaic Trading Up 0.9 %

Shares of NYSE:MOS opened at $25.87 on Thursday. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $40.58. The stock has a market cap 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 business has a 50 day moving average of $27.79 and a 200-day moving average of $29.37. 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 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). 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 the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The company’s revenue was down 17.0% on a year-over-year basis. As a group, equities research analysts forecast that The Mosaic Company will post 2.26 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is 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.