Bleakley Financial Group LLC Sells 88,237 Shares of The Mosaic Company (NYSE:MOS)

Bleakley Financial Group LLC reduced its holdings in The Mosaic Company (NYSE:MOS) by 49.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 89,853 shares of the basic materials company’s stock after selling 88,237 shares during the period. Bleakley Financial Group LLC’s holdings in Mosaic were worth $2,406,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MOS. Price T Rowe Associates Inc. MD increased its holdings in Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after purchasing an additional 10,124,427 shares during the period. Vanguard Group Inc. increased its stake in shares of Mosaic by 5.1% in the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after buying an additional 1,893,797 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Mosaic by 34.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after acquiring an additional 1,628,850 shares during the last quarter. Boston Partners lifted its stake in shares of Mosaic by 1,795.5% in the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock worth $41,496,000 after acquiring an additional 1,211,544 shares during the period. Finally, Swedbank AB acquired a new position in shares of Mosaic in the first quarter worth approximately $37,936,000. Institutional investors own 77.54% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction 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 sale, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. The trade was a 0.00 % decrease in their ownership of the stock. 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 subject of several analyst reports. Mizuho lowered their price target on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. UBS Group cut their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Barclays lowered their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company cut their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.11.

Mosaic Stock Performance

Shares of MOS opened at $26.26 on Friday. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The company has a market cap of $8.45 billion, a PE ratio of 11.17, a P/E/G ratio of 1.54 and a beta of 1.35. The stock has a 50-day moving average of $26.72 and a 200-day moving average of $28.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business posted $1.04 EPS. The company’s revenue was down 17.0% on a year-over-year basis. On average, equities research analysts predict that The Mosaic Company will post 2.34 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. 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.