The Mosaic Company (NYSE:MOS) Shares Sold by SouthState Corp

SouthState Corp cut its stake in The Mosaic Company (NYSE:MOS) by 15.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,296 shares of the basic materials company’s stock after selling 7,577 shares during the period. SouthState Corp’s holdings in Mosaic were worth $1,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Highlander Capital Management LLC grew 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 valued at $26,000 after acquiring an additional 670 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Mosaic in the first quarter valued at approximately $40,000. Blue Trust Inc. increased 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 worth $36,000 after buying an additional 351 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Mosaic during the 1st quarter worth about $50,000. Finally, Quarry LP grew its holdings in shares of Mosaic by 342.8% during the fourth quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after buying an additional 1,258 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOS has been the subject of a number of analyst reports. Barclays reduced their price objective 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 target on Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Piper Sandler decreased their price objective on 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 reiterated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Finally, UBS Group reduced their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $35.33.

Insiders Place Their Bets

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the 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 sale, the director now owns 34,359 shares in the company, valued at $938,687.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other 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 transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic 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 sale, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Mosaic Stock Performance

NYSE MOS opened at $26.55 on Friday. 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 Mosaic Company has a 1-year low of $26.09 and a 1-year high of $40.58. The firm has a market capitalization of $8.54 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.80 and a beta of 1.41. The business’s 50-day simple moving average is $28.23 and its 200-day simple moving average is $29.76.

Mosaic (NYSE:MOS) last announced 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). The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Equities analysts predict that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Dividend Announcement

The business 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 $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

About Mosaic

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.