The Mosaic Company $MOS Stake Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of The Mosaic Company (NYSE:MOS) by 61.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 30,113 shares of the basic materials company’s stock after selling 48,896 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mosaic were worth $651,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MOS. SJS Investment Consulting Inc. boosted its stake in shares of Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 525 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Mosaic during the second quarter worth $32,000. Global Retirement Partners LLC bought a new position in Mosaic during the second quarter worth $46,000. Fortitude Family Office LLC raised its stake in Mosaic by 1,575.9% during the third quarter. Fortitude Family Office LLC now owns 3,620 shares of the basic materials company’s stock worth $78,000 after buying an additional 3,404 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Mosaic by 57.0% during the third quarter. Versant Capital Management Inc now owns 3,770 shares of the basic materials company’s stock worth $82,000 after buying an additional 1,369 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the transaction, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Mosaic Stock Performance

Shares of MOS stock opened at $17.84 on Friday. The firm has a 50 day moving average of $22.51 and a 200-day moving average of $22.65. The company has a market cap of $5.67 billion, a price-to-earnings ratio of -8.83, a price-to-earnings-growth ratio of 4.99 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The Mosaic Company has a 52 week low of $16.99 and a 52 week high of $32.25.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. Mosaic’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts forecast that The Mosaic Company will post 0.34 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, December 4th. This represents a $0.88 annualized dividend and a dividend yield of 4.9%. Mosaic’s dividend payout ratio is currently -43.56%.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. BMO Capital Markets decreased their price target on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. KeyCorp assumed coverage on Mosaic in a research report on Thursday, September 10th. They issued a “sector weight” rating for the company. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Barclays dropped their price objective on Mosaic from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average price target of $26.50.

Mosaic Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.