Edgestream Partners L.P. Buys Shares of 161,962 The Mosaic Company (NYSE:MOS)

Edgestream Partners L.P. acquired a new position in The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 161,962 shares of the basic materials company’s stock, valued at approximately $4,681,000. Edgestream Partners L.P. owned about 0.05% of Mosaic at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Pekin Hardy Strauss Inc. grew its stake in shares of Mosaic by 2.2% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 344,377 shares of the basic materials company’s stock worth $9,952,000 after purchasing an additional 7,565 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 382 shares in the last quarter. Terril Brothers Inc. increased its position in shares of Mosaic by 1.8% in the second quarter. Terril Brothers Inc. now owns 142,275 shares of the basic materials company’s stock worth $4,112,000 after acquiring an additional 2,525 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Mosaic by 84.7% in 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 acquiring an additional 955,199 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Mosaic by 107.2% in the second quarter. Quantbot Technologies LP now owns 104,038 shares of the basic materials company’s stock worth $3,007,000 after acquiring an additional 53,828 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic 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 transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic 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 transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic 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 transaction, 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. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MOS shares. UBS Group dropped their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Piper Sandler dropped their target price 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. Barclays dropped their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. Finally, Wells Fargo & Company dropped their target price on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.33.

Mosaic Price Performance

NYSE MOS opened at $25.65 on Wednesday. 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 market capitalization of $8.25 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. The company has a 50 day moving average price of $27.81 and a two-hundred day moving average price of $29.39. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $40.58.

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

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

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.