Herr Investment Group LLC Buys 308,792 Shares of The Mosaic Company (NYSE:MOS)

Herr Investment Group LLC raised its stake in The Mosaic Company (NYSE:MOS - Free Report) by 1,318.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,209 shares of the basic materials company's stock after buying an additional 308,792 shares during the quarter. Mosaic comprises approximately 0.6% of Herr Investment Group LLC's investment portfolio, making the stock its 13th biggest holding. Herr Investment Group LLC owned 0.10% of Mosaic worth $9,601,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MOS. Avantax Advisory Services Inc. lifted its position in shares of Mosaic by 12.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,953 shares of the basic materials company's stock worth $463,000 after purchasing an additional 1,446 shares in the last quarter. Norges Bank bought a new stake in shares of Mosaic in the fourth quarter worth $107,893,000. Trexquant Investment LP bought a new stake in shares of Mosaic in the fourth quarter worth $2,466,000. Quest Partners LLC bought a new stake in shares of Mosaic in the fourth quarter worth $600,000. Finally, Ontario Teachers Pension Plan Board increased its holdings in Mosaic by 141.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 69,435 shares of the basic materials company's stock worth $2,481,000 after buying an additional 40,708 shares during the last quarter. Institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Piper Sandler lowered their target price on shares of Mosaic from $29.00 to $28.00 and set an "underweight" rating on the stock in a report on Tuesday, June 11th. UBS Group lowered their target price on shares of Mosaic from $33.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company lowered their target price on shares of Mosaic from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. Finally, Barclays lowered their target price on shares of Mosaic from $39.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.33.

Mosaic Stock Performance

Shares of MOS stock traded down $1.17 on Friday, hitting $25.56. The company's stock had a trading volume of 12,386,522 shares, compared to its average volume of 4,433,981. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The stock's 50 day moving average is $27.76 and its 200-day moving average is $29.35. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The company has a market capitalization of $8.22 billion, a PE ratio of 11.37, a PEG ratio of 1.57 and a beta of 1.36.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $1.04 earnings per share. The company's revenue was down 17.0% on a year-over-year basis. Equities research analysts expect that The Mosaic Company will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.29%. Mosaic's dividend payout ratio is 35.74%.

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 39,748 shares of the company's 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction dated Monday, August 12th. The shares were 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 owns 34,359 shares of the company's stock, valued at $938,687.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction dated Tuesday, August 13th. The stock was 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 directly owns 136,682 shares of the company's stock, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

About Mosaic

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.