B. Riley Wealth Advisors Inc. Sells 63,886 Shares of The Mosaic Company (NYSE:MOS)

B. Riley Wealth Advisors Inc. cut its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 88.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,504 shares of the basic materials company's stock after selling 63,886 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Mosaic were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MOS. Vanguard Group Inc. lifted its position in Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company's stock worth $1,277,536,000 after buying an additional 1,893,797 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company's stock valued at $346,743,000 after purchasing an additional 10,124,427 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company's stock worth $183,155,000 after purchasing an additional 1,628,850 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company's stock worth $95,691,000 after purchasing an additional 435,598 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Mosaic by 13.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company's stock valued at $74,552,000 after buying an additional 308,110 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mosaic

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now owns 34,359 shares of the company's stock, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares of the company's stock, valued at $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 price objective on shares of Mosaic in a research report on Monday, August 12th. Wells Fargo & Company lowered their target price on Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 24th. UBS Group reduced their price target on shares of Mosaic from $33.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Mizuho dropped their price objective on shares of Mosaic from $31.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Piper Sandler reduced their target price on shares of Mosaic from $29.00 to $28.00 and set an "underweight" rating for the company in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Mosaic has an average rating of "Hold" and a consensus price target of $33.33.

Mosaic Price Performance

Mosaic stock traded down $0.54 during mid-day trading on Wednesday, hitting $25.27. 5,241,409 shares of the company were exchanged, compared to its average volume of 4,406,679. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $26.87 and a 200 day moving average of $28.79. The company has a market capitalization of $8.13 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35.

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

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given 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 3.32%. Mosaic's payout ratio is 35.74%.

Mosaic Company Profile

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.