3 days Ago By ABMN Staff
Federated Hermes Inc. lowered its position in The Mosaic Company ( NYSE:MOS – Free Report ) by 6.3% during the 2nd quarter, HoldingsChannel reports.
The firm owned 810,786 shares of the basic materials company’s stock after selling 54,659 shares during the period. Federated Hermes Inc.’s holdings in Mosaic were worth $23,432,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Highlander Capital Management LLC increased its stake in Mosaic by 515.4% in the 1st 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 last quarter. Mather Group LLC. purchased a new stake in Mosaic in the first quarter valued at approximately $40,000.
Blue Trust Inc. lifted its position in Mosaic by 40.0% during 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 during the last quarter. Fidelis Capital Partners LLC purchased a new position in Mosaic in the 1st quarter worth approximately $50,000.
Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Mosaic in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Wall Street Analyst Weigh In Several brokerages recently issued reports on MOS. Piper Sandler cut 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th.
Barclays decreased their price objective on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th.
Wells Fargo & Company reduced their price target on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th.
Finally, UBS Group reduced their target price 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Mosaic has an average rating of “Hold” and an average price target of $35.
33. Mosaic Trading Up 4.8 % Shares of MOS opened at $26.
39 on Monday. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $40.
58. The company has a current ratio of 1.16, a quick ratio of 0.
54 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $27.
86 and its 200-day moving average price is $29.47. The firm has a market capitalization of $8.
41 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.57 and a beta of 1.
36. Mosaic ( NYSE:MOS – Get Free Report ) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.90 billion.
Mosaic had a net margin of 2.01% and a return on equity of 6.92%.
The business’s revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.
04 earnings per share. Sell-side analysts anticipate that The Mosaic Company will post 2.26 EPS for the current year.
Mosaic Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.21 per share.
This represents a $0.84 annualized dividend and a yield of 3.18%.
The ex-dividend date of this dividend is Thursday, September 5th. Mosaic’s dividend payout ratio is currently 35.74%.
Insider Activity In related news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.
32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.
88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink . In other news, SVP Walter F.
Precourt III sold 39,748 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic 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 completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The disclosure for this sale can be found here .
Company insiders own 0.86% of the company’s stock. Mosaic Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Mosaic Company ( NYSE:MOS – Free Report ). Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter .
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