Kimelman & Baird LLC Invests $49,000 in The Mosaic Company (NYSE:MOS)

Kimelman & Baird LLC bought a new stake in The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,700 shares of the basic materials company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOS. Price T Rowe Associates Inc. MD grew its stake in shares of Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after buying an additional 10,124,427 shares in the last quarter. Vanguard Group Inc. grew its position in Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after acquiring an additional 1,893,797 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mosaic by 34.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after purchasing an additional 1,628,850 shares during the period. Boston Partners increased its stake in Mosaic by 1,795.5% during the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock worth $41,496,000 after purchasing an additional 1,211,544 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Mosaic during the first quarter worth about $37,936,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Insider Transactions at Mosaic

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s 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 approximately $938,687.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the 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 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. Insiders own 0.86% of the company’s stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $26.78 on Tuesday. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The firm has a market capitalization of $8.61 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The company’s fifty day moving average price is $27.33 and its 200 day moving average price is $29.08.

Mosaic (NYSE:MOS) last posted its 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 firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, sell-side analysts predict that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s payout ratio is currently 35.74%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MOS shares. Barclays cut their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. UBS Group reduced their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Piper Sandler decreased their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $34.73.

Mosaic 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.