Royal London Asset Management Ltd. Sells 5,331 Shares of The Mosaic Company (NYSE:MOS)

Royal London Asset Management Ltd. cut its position in shares of The Mosaic Company (NYSE:MOS) by 2.0% during the 2nd quarter, Holdings Channel reports. The firm owned 255,579 shares of the basic materials company’s stock after selling 5,331 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Mosaic were worth $7,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MOS. Highlander Capital Management LLC increased its position in Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares during the last quarter. Mather Group LLC. bought a new position in shares of Mosaic during the 1st quarter worth approximately $40,000. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 351 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Mosaic in the 1st quarter valued at $50,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Mosaic during the 2nd quarter valued at $46,000. 77.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Walter F. Precourt III sold 39,748 shares of the 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 in the company, valued at approximately $3,821,628.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the business’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 sale, the director now owns 34,359 shares in the company, valued at approximately $938,687.88. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Mosaic Trading Up 4.8 %

Shares of Mosaic stock opened at $26.39 on Friday. The firm’s 50-day moving average price is $27.86 and its two-hundred day moving average price is $29.49. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.57 and a beta of 1.36. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $40.58.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (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 the consensus estimate of $2.90 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was down 17.0% compared to the same quarter last year. On average, analysts forecast that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Analyst Ratings Changes

MOS has been the topic of several research analyst reports. Piper Sandler dropped their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. UBS Group cut their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company decreased their target price on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Barclays dropped their price target on Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.33.

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.