Sagefield Capital LP Acquires 6,660 Shares of The Mosaic Company (NYSE:MOS)

Sagefield Capital LP increased its holdings in shares of The Mosaic Company (NYSE:MOS) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,430 shares of the basic materials company’s stock after buying an additional 6,660 shares during the period. Sagefield Capital LP’s holdings in Mosaic were worth $3,134,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Highlander Capital Management LLC raised its position 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 valued at $26,000 after acquiring an additional 670 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Mosaic by 40.0% during the second 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. bought a new stake in Mosaic in the first quarter valued at about $40,000. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic in the second quarter valued at about $46,000. Finally, Fidelis Capital Partners LLC bought a new position in Mosaic during the first quarter worth about $50,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 39,748 shares of the company’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 in the company, valued at $3,821,628.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction 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 owns 34,359 shares in the company, valued at $938,687.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction dated 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 of the company’s stock, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. UBS Group lowered their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Barclays reduced their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Wells Fargo & Company lowered their price objective 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. Finally, Piper Sandler reduced their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. One equities research 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, the stock presently has an average rating of “Hold” and a consensus price target of $34.91.

Mosaic Stock Down 0.9 %

NYSE:MOS opened at $25.34 on Tuesday. The company has a market cap of $8.15 billion, a PE ratio of 10.78, a PEG ratio of 1.57 and a beta of 1.36. The stock has a 50-day simple moving average of $27.63 and a 200 day simple moving average of $29.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. Mosaic’s revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. On average, sell-side analysts expect that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.31%. Mosaic’s dividend payout ratio (DPR) is presently 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.