The Mosaic Company (NYSE:MOS) Shares Sold by IndexIQ Advisors LLC

IndexIQ Advisors LLC cut its stake in shares of The Mosaic Company (NYSE:MOSGet Rating) by 3.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,314 shares of the basic materials company’s stock after selling 243 shares during the period. IndexIQ Advisors LLC’s holdings in Mosaic were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. acquired a new position in Mosaic during the 1st quarter worth approximately $28,000. FourThought Financial LLC increased its holdings in Mosaic by 5,000.0% during the 1st quarter. FourThought Financial LLC now owns 510 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 500 shares during the last quarter. JFS Wealth Advisors LLC purchased a new stake in Mosaic during the 1st quarter worth approximately $35,000. First Command Bank purchased a new stake in Mosaic during the 1st quarter worth approximately $36,000. Finally, Private Capital Group LLC increased its holdings in Mosaic by 44.8% during the 1st quarter. Private Capital Group LLC now owns 608 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 188 shares during the last quarter. 82.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS opened at $52.22 on Friday. The company has a market cap of $18.90 billion, a P/E ratio of 5.95, a PEG ratio of 0.56 and a beta of 1.62. The stock has a fifty day moving average price of $50.58 and a 200 day moving average price of $55.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 0.57. The Mosaic Company has a 12 month low of $29.14 and a 12 month high of $79.28.

Mosaic (NYSE:MOSGet Rating) last issued its quarterly earnings data on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.30). The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.62 billion. Mosaic had a return on equity of 30.83% and a net margin of 19.66%. Mosaic’s quarterly revenue was up 91.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. On average, research analysts forecast that The Mosaic Company will post 13.53 earnings per share for the current year.

Mosaic declared that its Board of Directors has initiated a share buyback program on Monday, August 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to buy up to 10.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, June 1st. This is a positive change from Mosaic’s previous quarterly dividend of $0.11. Mosaic’s payout ratio is 6.84%.

Insiders Place Their Bets

In other Mosaic news, Director Denise C. Johnson sold 24,427 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $65.00, for a total transaction of $1,587,755.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MOS shares. BNP Paribas downgraded Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Wednesday, April 20th. Citigroup upgraded Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Wednesday. Piper Sandler lifted their price objective on Mosaic from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Mizuho lifted their price objective on Mosaic from $59.00 to $89.00 in a report on Friday, April 29th. Finally, Royal Bank of Canada boosted their price target on Mosaic from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.29.

About Mosaic

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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.

See Also

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOSGet Rating).

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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