Investors Research Corp Sells 31,104 Shares of The Mosaic Company (NYSE:MOS)

Investors Research Corp lessened its holdings in The Mosaic Company (NYSE:MOSGet Rating) by 68.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,650 shares of the basic materials company’s stock after selling 31,104 shares during the quarter. Investors Research Corp’s holdings in Mosaic were worth $974,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tudor Investment Corp Et Al acquired a new stake in shares of Mosaic during the 3rd quarter worth approximately $1,448,000. MML Investors Services LLC boosted its holdings in Mosaic by 44.3% during the 3rd quarter. MML Investors Services LLC now owns 21,246 shares of the basic materials company’s stock worth $759,000 after acquiring an additional 6,526 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Mosaic by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 560,320 shares of the basic materials company’s stock worth $20,015,000 after acquiring an additional 2,242 shares during the last quarter. Corient Capital Partners LLC bought a new stake in shares of Mosaic during the 3rd quarter worth $227,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Mosaic by 742.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,610 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,419 shares during the period. Hedge funds and other institutional investors own 82.54% of the company’s stock.

MOS has been the subject of several research reports. Exane BNP Paribas lowered Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 target price for the company. in a research note on Wednesday, April 20th. StockNews.com started coverage on Mosaic in a report on Thursday, March 31st. They issued a “buy” rating for the company. Barclays started coverage on Mosaic in a research note on Wednesday, June 1st. They issued an “underweight” rating and a $59.00 target price on the stock. Royal Bank of Canada increased their target price on Mosaic from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Finally, Piper Sandler increased their price objective on Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.44.

In other news, Director Denise C. Johnson sold 24,427 shares of Mosaic stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $65.00, for a total transaction of $1,587,755.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Walter F. Precourt III sold 9,647 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $78.00, for a total transaction of $752,466.00. Following the transaction, the vice president now owns 75,000 shares of the company’s stock, valued at approximately $5,850,000. The disclosure for this sale can be found here. Insiders sold a total of 89,039 shares of company stock worth $6,499,395 over the last quarter. 0.57% of the stock is currently owned by company insiders.

NYSE:MOS opened at $50.03 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.57. The firm has a 50-day moving average of $61.69 and a two-hundred day moving average of $53.49. The stock has a market cap of $18.11 billion, a P/E ratio of 7.09, a PEG ratio of 0.53 and a beta of 1.57. The Mosaic Company has a 1-year low of $28.26 and a 1-year high of $79.28.

Mosaic (NYSE:MOSGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The basic materials company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.11 billion. Mosaic had a net margin of 18.99% and a return on equity of 23.80%. During the same quarter last year, the business earned $0.57 earnings per share. As a group, equities analysts expect that The Mosaic Company will post 13.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Mosaic’s previous quarterly dividend of $0.11. Mosaic’s dividend payout ratio (DPR) is currently 8.50%.

Mosaic Company Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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