The Mosaic Company $MOS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of The Mosaic Company (NYSE:MOS) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,675 shares of the basic materials company’s stock after selling 600 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mosaic were worth $650,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CWM LLC grew its holdings in shares of Mosaic by 117.6% in the 2nd quarter. CWM LLC now owns 35,118 shares of the basic materials company’s stock worth $1,281,000 after acquiring an additional 18,981 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Mosaic by 26.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,203 shares of the basic materials company’s stock valued at $2,415,000 after acquiring an additional 13,772 shares during the last quarter. Aberdeen Group plc boosted its holdings in Mosaic by 4.3% in the second quarter. Aberdeen Group plc now owns 26,579 shares of the basic materials company’s stock valued at $970,000 after acquiring an additional 1,104 shares during the last quarter. IFP Advisors Inc increased its position in shares of Mosaic by 242.3% during the second quarter. IFP Advisors Inc now owns 2,954 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 2,091 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in shares of Mosaic during the second quarter worth about $223,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on MOS shares. Bank of America lowered their price objective on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped their target price on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. UBS Group decreased their target price on Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Wall Street Zen lowered Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Barclays reduced their target price on Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.23.

Mosaic Trading Down 0.1%

Shares of NYSE:MOS opened at $29.63 on Friday. The company has a market cap of $9.40 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.97 and a beta of 1.00. The stock’s 50-day moving average is $32.89 and its 200-day moving average is $33.25. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. Mosaic’s dividend payout ratio (DPR) is 29.83%.

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.