The Mosaic Company (NYSE:MOS) Stake Reduced by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 87.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,789 shares of the basic materials company’s stock after selling 12,462 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Mosaic were worth $52,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Mosaic by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after acquiring an additional 1,893,797 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after acquiring an additional 10,124,427 shares during the period. Dimensional Fund Advisors LP boosted its position in Mosaic by 34.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after acquiring an additional 1,628,850 shares during the period. AQR Capital Management LLC boosted its position in Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock worth $95,691,000 after acquiring an additional 435,598 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its position in Mosaic by 13.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company’s stock worth $74,552,000 after acquiring an additional 308,110 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MOS. Barclays cut their price objective on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Piper Sandler reduced their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Finally, UBS Group reduced their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.89.

Mosaic Stock Up 0.5 %

MOS opened at $26.93 on Friday. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The business has a 50-day moving average of $27.11 and a 200-day moving average of $28.92. 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 has a market capitalization of $8.66 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share 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 period last year, the business earned $1.04 earnings per share. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. Equities research analysts forecast that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Insider Transactions at Mosaic

In related 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 transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.