Quarry LP Acquires 22,084 Shares of The Mosaic Company (NYSE:MOS)

Quarry LP grew its position in The Mosaic Company (NYSE:MOS - Free Report) by 131.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,894 shares of the basic materials company's stock after purchasing an additional 22,084 shares during the period. Quarry LP's holdings in Mosaic were worth $1,124,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Mosaic by 1,815.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company's stock worth $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Vanguard Group Inc. raised its holdings in Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company's stock worth $1,277,536,000 after acquiring an additional 1,893,797 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company's stock valued at $183,155,000 after buying an additional 1,628,850 shares during the period. Boston Partners raised its stake in Mosaic by 1,795.5% in the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company's stock valued at $41,496,000 after buying an additional 1,211,544 shares during the period. Finally, Swedbank AB bought a new stake in Mosaic in the first quarter valued at approximately $37,936,000. 77.54% of the stock is currently owned by institutional investors.

Insider Activity at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the 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 sale, the director now owns 34,359 shares of the company's stock, valued at approximately $938,687.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the transaction, the director now directly owns 34,359 shares of the company's stock, valued at approximately $938,687.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 directly owns 136,682 shares in the company, valued at $3,821,628.72. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MOS. UBS Group dropped their price objective on Mosaic from $33.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company decreased their target price on Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 24th. Piper Sandler decreased their target price on Mosaic from $29.00 to $28.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 11th. Barclays decreased their target price on Mosaic from $39.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy 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 $34.73.

Mosaic Price Performance

Shares of MOS traded down $0.24 during trading hours on Monday, reaching $26.78. The stock had a trading volume of 3,079,530 shares, compared to its average volume of 4,423,125. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The stock has a market capitalization of $8.61 billion, a PE ratio of 11.40, a PEG ratio of 1.60 and a beta of 1.36. 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 company's 50-day moving average is $27.33 and its two-hundred day moving average is $29.08.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. Research analysts expect that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.14%. Mosaic's dividend payout ratio (DPR) is presently 35.74%.

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.