34,327 Shares in The Mosaic Company $MOS Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, HoldingsChannel reports. The firm purchased 34,327 shares of the basic materials company’s stock, valued at approximately $727,000.

A number of other hedge funds also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in shares of Mosaic in the 2nd quarter valued at about $230,000. Corient Private Wealth LP acquired a new position in shares of Mosaic during the second quarter worth about $946,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Mosaic during the second quarter worth approximately $364,000. Bank of America Corp DE purchased a new stake in shares of Mosaic during the second quarter worth approximately $49,299,000. Finally, Freestone Grove Partners LP acquired a new stake in Mosaic in the second quarter valued at approximately $1,299,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock opened at $23.79 on Friday. The business has a 50 day moving average price of $22.34 and a 200 day moving average price of $24.12. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of -11.77, a PEG ratio of 4.37 and a beta of 0.82. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $36.99. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. Mosaic’s dividend payout ratio is presently -43.56%.

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MOS shares. Canadian Imperial Bank of Commerce set a $25.00 price target on shares of Mosaic in a research note on Tuesday, May 12th. BNP Paribas Exane dropped their price objective on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Scotiabank restated an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Tuesday, May 19th. Morgan Stanley decreased their price objective on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.17.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.