abrdn plc Sells 93,818 Shares of The Mosaic Company (NYSE:MOS)

abrdn plc lowered its stake in shares of The Mosaic Company (NYSE:MOS) by 46.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,882 shares of the basic materials company’s stock after selling 93,818 shares during the quarter. abrdn plc’s holdings in Mosaic were worth $2,880,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Highlander Capital Management LLC grew 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 valued at $26,000 after buying an additional 670 shares during the period. Blue Trust Inc. lifted its holdings in Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Mosaic during the second quarter valued at about $46,000. Kimelman & Baird LLC purchased a new stake in Mosaic during the second quarter valued at about $49,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Mosaic during the first quarter valued at about $50,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 0.5 %

Shares of MOS opened at $26.89 on Monday. The firm’s 50 day simple moving average is $26.51 and its 200 day simple moving average is $28.11. The company has a market capitalization of $8.57 billion, a P/E ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 2.27 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s payout ratio is currently 113.51%.

Analyst Upgrades and Downgrades

Several research firms have commented on MOS. UBS Group dropped their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Mizuho dropped their price objective on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company lowered their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Barclays lowered their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.11.

Insider Buying and Selling at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’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 owns 136,682 shares in the company, valued at $3,821,628.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Mosaic Company 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.