Oxbow Advisors LLC Takes Position in The Mosaic Company (NYSE:MOS)

Oxbow Advisors LLC bought a new position in The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 123,609 shares of the basic materials company’s stock, valued at approximately $3,572,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Mosaic by 40.0% in 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 period. Uncommon Cents Investing LLC lifted its stake in Mosaic by 3.2% during the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock valued at $438,000 after acquiring an additional 415 shares during the period. CX Institutional boosted its holdings in shares of Mosaic by 1.5% in the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock valued at $823,000 after acquiring an additional 418 shares during the last quarter. Wahed Invest LLC boosted its holdings in shares of Mosaic by 8.6% in the 4th quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock valued at $202,000 after acquiring an additional 445 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Mosaic by 10.9% in the fourth quarter. Parallel Advisors LLC now owns 4,570 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Transactions at Mosaic

In related news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction that occurred 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 owns 34,359 shares in the company, valued at $938,687.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction dated 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 owns 34,359 shares in the company, valued at approximately $938,687.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of 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. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. UBS Group lowered their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Barclays dropped their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Finally, Piper Sandler decreased their price objective 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.33.

Mosaic Trading Down 3.7 %

Shares of MOS traded down $0.97 during trading on Friday, reaching $25.58. 5,409,995 shares of the company traded hands, compared to its average volume of 4,385,685. The stock has a 50-day simple moving average of $28.17 and a 200-day simple moving average of $29.74. The stock has a market cap of $8.23 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Mosaic Company has a twelve month low of $25.56 and a twelve month high of $40.58. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

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

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.28%. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

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.