Oxbow Advisors LLC Makes New $3.57 Million Investment in The Mosaic Company (NYSE:MOS)

Oxbow Advisors LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 123,609 shares of the basic materials company’s stock, valued at approximately $3,572,000.

Several other institutional investors have also recently added to or reduced their stakes in MOS. Vanguard Group Inc. lifted its position in shares of Mosaic by 5.1% during the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Mosaic by 1,815.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after purchasing an additional 10,124,427 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mosaic by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock worth $141,829,000 after purchasing an additional 189,706 shares in the last quarter. Norges Bank purchased a new stake in shares of Mosaic in the 4th quarter valued at about $107,893,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Mosaic by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,963,682 shares of the basic materials company’s stock worth $70,162,000 after buying an additional 48,883 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Insider Transactions at Mosaic

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

Mosaic Price Performance

MOS stock traded down $0.97 on Friday, reaching $25.58. 5,409,995 shares of the company’s stock were exchanged, compared to its average volume of 4,385,685. The Mosaic Company has a twelve month low of $25.56 and a twelve month high of $40.58. 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 stock has a fifty day moving average of $28.17 and a 200-day moving average of $29.74. The firm has a market cap of $8.23 billion, a PE ratio of 10.89, a P/E/G ratio of 1.80 and a beta of 1.41.

Mosaic (NYSE:MOS) last posted its quarterly 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). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. As a group, equities analysts predict that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.28%. Mosaic’s payout ratio is 35.74%.

Wall Street Analysts Forecast Growth

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