abrdn plc Sells 93,818 Shares of The Mosaic Company (NYSE:MOS)

abrdn plc reduced its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 46.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,882 shares of the basic materials company's stock after selling 93,818 shares during the quarter. abrdn plc's holdings in Mosaic were worth $2,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company's stock valued at $1,277,536,000 after buying an additional 1,893,797 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Mosaic by 1,815.5% in the 1st 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 during the period. Dimensional Fund Advisors LP boosted its holdings 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 valued at $183,155,000 after purchasing an additional 1,628,850 shares during the period. AQR Capital Management LLC grew its position 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 valued at $95,691,000 after purchasing an additional 435,598 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Mosaic by 13.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company's stock worth $74,552,000 after purchasing an additional 308,110 shares during the period. 77.54% of the stock is owned by institutional investors.

Insider Transactions at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the company's stock in a transaction on 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 directly owns 34,359 shares in the company, valued at approximately $938,687.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction on Monday, August 12th. The stock was 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 in the company, valued at approximately $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. This trade 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.

Mosaic Trading Up 5.4 %

Shares of MOS traded up $1.44 during mid-day trading on Monday, reaching $28.33. The company's stock had a trading volume of 7,370,919 shares, compared to its average volume of 4,343,449. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The company's fifty day moving average price is $26.51 and its two-hundred day moving average price is $28.11. The stock has a market cap of $9.03 billion, a PE ratio of 38.95, a P/E/G ratio of 1.68 and a beta of 1.35.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.04 EPS. The company's revenue was down 17.0% on a year-over-year basis. On average, analysts predict that The Mosaic Company will post 2.27 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.21 per share. 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 2.97%. Mosaic's dividend payout ratio is currently 113.51%.

Wall Street Analyst Weigh In

MOS has been the subject of several research analyst reports. Mizuho dropped their price objective on Mosaic from $31.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. UBS Group cut their price objective on Mosaic from $33.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 price objective on shares of Mosaic in a research report on Monday, August 12th. Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 24th. Finally, Barclays decreased their price target on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $33.11.

Mosaic 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.