The Mosaic Company (NYSE:MOS) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its position in shares of The Mosaic Company (NYSE:MOS) by 15.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,155 shares of the basic materials company’s stock after selling 14,330 shares during the period. Macquarie Group Ltd.’s holdings in Mosaic were worth $3,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bornite Capital Management LP purchased a new position in Mosaic in the first quarter worth approximately $13,300,000. Sei Investments Co. grew its position in Mosaic by 7.2% in the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock worth $12,614,000 after acquiring an additional 12,679 shares during the period. Cetera Investment Advisers grew its position in Mosaic by 7.9% in the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock worth $1,366,000 after acquiring an additional 1,507 shares during the period. National Pension Service acquired a new position in Mosaic in the first quarter valued at about $30,360,000. Finally, Baird Financial Group Inc. lifted its position in Mosaic by 55.4% in the first quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock valued at $20,749,000 after buying an additional 111,236 shares during the last quarter. 84.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Piper Sandler upped their target price on shares of Mosaic from $42.00 to $46.00 in a research report on Monday, August 7th. Bank of America boosted their target price on Mosaic from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Wells Fargo & Company boosted their target price on Mosaic from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Barclays lowered Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 target price on the stock. in a research report on Monday, August 14th. Finally, Credit Suisse Group lifted their target price on Mosaic from $33.00 to $36.00 and gave the company an “underperform” rating in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.71.

Mosaic Price Performance

Shares of MOS opened at $38.39 on Monday. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 1.42 and a beta of 1.52. The firm’s fifty day simple moving average is $38.98 and its 200-day simple moving average is $40.04. The Mosaic Company has a twelve month low of $31.44 and a twelve month high of $57.46. The company has a current ratio of 1.18, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.03). The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Mosaic had a return on equity of 20.21% and a net margin of 12.89%. Mosaic’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same period last year, the firm posted $3.64 earnings per share. Equities analysts forecast that The Mosaic Company will post 3.89 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, September 6th. Mosaic’s payout ratio is 12.64%.

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.