J.P. Marvel Investment Advisors LLC Trims Stake in The Mosaic Company (NYSE:MOS)

J.P. Marvel Investment Advisors LLC reduced its stake in The Mosaic Company (NYSE:MOS) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 33,636 shares of the basic materials company’s stock after selling 505 shares during the quarter. J.P. Marvel Investment Advisors LLC’s holdings in Mosaic were worth $901,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Mosaic by 5.0% during the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 382 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the period. CX Institutional increased its stake in shares of Mosaic by 1.5% in the second quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock worth $823,000 after purchasing an additional 418 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 426 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Mizuho cut their target price on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company lowered their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Finally, Barclays cut their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.11.

Insider Activity at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Mosaic Stock Performance

NYSE MOS opened at $28.34 on Friday. The stock has a market capitalization of $9.03 billion, a PE ratio of 38.30, a P/E/G ratio of 1.78 and a beta of 1.35. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The business has a 50 day simple moving average of $26.46 and a two-hundred day simple moving average of $28.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54.

Mosaic (NYSE:MOS) last released 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). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $1.04 EPS. Mosaic’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, research analysts predict that The Mosaic Company will post 2.27 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio is 113.51%.

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.