B. Riley Wealth Advisors Inc. Sells 63,886 Shares of The Mosaic Company (NYSE:MOS)

B. Riley Wealth Advisors Inc. trimmed its position in shares of The Mosaic Company (NYSE:MOS) by 88.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,504 shares of the basic materials company’s stock after selling 63,886 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Mosaic were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MOS. Quarry LP increased its stake in shares of Mosaic by 131.4% during the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock worth $1,124,000 after purchasing an additional 22,084 shares during the last quarter. Creative Planning grew its holdings in Mosaic by 46.5% during the second quarter. Creative Planning now owns 24,487 shares of the basic materials company’s stock worth $708,000 after purchasing an additional 7,772 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Mosaic by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 410,796 shares of the basic materials company’s stock worth $11,873,000 after purchasing an additional 16,010 shares during the period. MBB Public Markets I LLC increased its position in Mosaic by 120.2% during the second quarter. MBB Public Markets I LLC now owns 42,690 shares of the basic materials company’s stock worth $1,234,000 after buying an additional 23,300 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Mosaic by 15.1% in the second quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock valued at $95,691,000 after buying an additional 435,598 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

MOS has been the subject of several research analyst reports. Barclays reduced their target price on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Piper Sandler decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. 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. Wells Fargo & Company reduced their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Finally, UBS Group lowered their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.89.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $25.81 on Wednesday. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30. The company’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $28.81. The firm has a market cap of $8.30 billion, a PE ratio of 10.98, a PEG ratio of 1.60 and a beta of 1.35. 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 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). The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Equities research analysts predict 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 was paid on Thursday, September 19th. Investors 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 3.25%. Mosaic’s dividend payout ratio is 35.74%.

Insiders Place Their Bets

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 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 approximately $938,687.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic 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 $3,821,628.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $938,687.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.