Applied Finance Capital Management LLC Sells 4,290 Shares of The Mosaic Company (NYSE:MOS)

Applied Finance Capital Management LLC decreased its holdings in shares of The Mosaic Company (NYSE:MOS) by 55.5% during the 3rd quarter, Holdings Channel reports. The firm owned 3,434 shares of the basic materials company’s stock after selling 4,290 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Mosaic were worth $92,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highlander Capital Management LLC boosted its position in shares of Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 670 shares in the last quarter. Blue Trust Inc. raised its stake in Mosaic by 40.0% during the 2nd 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 during the period. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic during the 2nd quarter worth approximately $46,000. Kimelman & Baird LLC acquired a new position in Mosaic during the 2nd quarter worth approximately $49,000. Finally, CVA Family Office LLC raised its stake in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after buying an additional 384 shares during the period. Institutional investors own 77.54% of the company’s stock.

Insider Buying and Selling at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Mosaic Price Performance

Shares of NYSE MOS opened at $27.72 on Friday. The stock has a fifty day simple moving average of $26.44 and a two-hundred day simple moving average of $28.05. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last announced its quarterly earnings data 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 firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company posted $1.04 earnings per share. Mosaic’s revenue for the quarter was down 17.0% on a year-over-year basis. Analysts anticipate that The Mosaic Company will post 2.27 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is 113.51%.

Analyst Upgrades and Downgrades

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

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.