Ensign Peak Advisors Inc Decreases Stock Holdings in The Mosaic Company (NYSE:MOS)

Ensign Peak Advisors Inc lessened its stake in The Mosaic Company (NYSE:MOS) by 32.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,186 shares of the basic materials company’s stock after selling 61,015 shares during the period. Ensign Peak Advisors Inc’s holdings in Mosaic were worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Highlander Capital Management LLC grew its position in shares of Mosaic by 515.4% in the 1st 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. Blue Trust Inc. boosted its stake in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 351 shares in the last quarter. Mather Group LLC. purchased a new position in Mosaic in the first quarter worth $40,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Mosaic during the second quarter worth $46,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Mosaic during the 1st quarter valued at $50,000. 77.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mosaic

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

Mosaic Stock Performance

NYSE MOS opened at $26.52 on Friday. The firm has a market capitalization of $8.53 billion, a P/E ratio of 11.29, a PEG ratio of 1.60 and a beta of 1.36. The stock has a 50-day simple moving average of $27.38 and a two-hundred day simple moving average of $29.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30.

Mosaic (NYSE:MOS) last announced its quarterly 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 company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. On average, equities analysts forecast that The Mosaic Company will post 2.26 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.17%. Mosaic’s dividend payout ratio is presently 35.74%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MOS shares. Wells Fargo & Company dropped their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday. 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. Piper Sandler lowered their target price on shares of 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 restated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Finally, UBS Group lowered their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One research 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. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average target price of $34.73.

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.