Rampart Investment Management Company LLC trimmed its position in shares of Mosaic Co (NYSE:MOS) by 88.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,608 shares of the basic materials company’s stock after selling 68,320 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Mosaic were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Mosaic by 207.9% during the second quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock worth $35,000 after buying an additional 948 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Mosaic by 169.1% during the second quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,003 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Mosaic during the first quarter worth $41,000. Rational Advisors LLC lifted its position in shares of Mosaic by 2,825.9% during the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Squar Milner Financial Services LLC lifted its position in shares of Mosaic by 1,452.1% during the second quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,757 shares during the last quarter. 74.89% of the stock is owned by institutional investors.
Shares of MOS stock traded down $0.30 on Friday, hitting $20.69. The stock had a trading volume of 5,962,702 shares, compared to its average volume of 5,285,625. The company has a quick ratio of 0.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $20.52 and a 200 day moving average price of $23.92. The company has a market cap of $8.32 billion, a PE ratio of 9.76, a P/E/G ratio of 2.62 and a beta of 1.64. Mosaic Co has a one year low of $17.36 and a one year high of $37.37.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.18). The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.31 billion. Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities research analysts expect that Mosaic Co will post 1.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. Mosaic’s payout ratio is currently 9.43%.
Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Mosaic from $36.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Bank of America upgraded Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, June 17th. CIBC downgraded Mosaic from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on Mosaic from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Standpoint Research upgraded Mosaic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.63.
In other news, Director William T. Monahan acquired 2,360 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the director now directly owns 39,235 shares of the company’s stock, valued at approximately $829,820.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cheryl K. Beebe acquired 12,998 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $19.21 per share, with a total value of $249,691.58. Following the completion of the acquisition, the director now directly owns 23,704 shares of the company’s stock, valued at $455,353.84. The disclosure for this purchase can be found here. Insiders own 0.51% of the company’s stock.
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 International Distribution. 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.
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