Mutual of America Capital Management LLC Cuts Stock Holdings in The Mosaic Company (NYSE:MOS)

Mutual of America Capital Management LLC cut its stake in The Mosaic Company (NYSE:MOS) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,532 shares of the basic materials company’s stock after selling 2,321 shares during the period. Mutual of America Capital Management LLC’s holdings in Mosaic were worth $1,171,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after buying an additional 1,893,797 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Mosaic by 1,815.5% in the 1st 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after purchasing an additional 1,628,850 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Mosaic by 13.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company’s stock worth $74,552,000 after purchasing an additional 308,110 shares during the last quarter. Finally, Donald Smith & CO. Inc. grew its stake in shares of Mosaic by 84.7% during the second quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock worth $60,205,000 after purchasing an additional 955,199 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on MOS shares. UBS Group decreased their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Piper Sandler decreased their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Monday, August 12th. Barclays cut their price objective on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.73.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction dated 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 completion of the sale, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were 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 owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction on 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 sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Mosaic Stock Up 4.6 %

MOS stock opened at $26.52 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $27.38 and its 200 day moving average price is $29.14. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The company has a market cap of $8.53 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.60 and a beta of 1.36.

Mosaic (NYSE:MOS) last posted its earnings results 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 during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $1.04 EPS. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, research analysts expect that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.17%. The ex-dividend date was Thursday, September 5th. Mosaic’s payout ratio is 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.