Mackay Shields LLC Sells 178,548 Shares of Mosaic Co (NYSE:MOS)

Mackay Shields LLC cut its holdings in shares of Mosaic Co (NYSE:MOS) by 75.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,400 shares of the basic materials company’s stock after selling 178,548 shares during the quarter. Mackay Shields LLC’s holdings in Mosaic were worth $1,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama grew its position in Mosaic by 59.4% in the 2nd quarter. Retirement Systems of Alabama now owns 1,100,223 shares of the basic materials company’s stock worth $27,539,000 after purchasing an additional 409,791 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Mosaic by 13.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 68,715 shares of the basic materials company’s stock worth $1,720,000 after purchasing an additional 7,949 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Mosaic by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 34,605 shares of the basic materials company’s stock worth $866,000 after purchasing an additional 500 shares during the last quarter. Edge Wealth Management LLC bought a new position in Mosaic in the 2nd quarter worth about $94,000. Finally, Regent Investment Management LLC grew its position in Mosaic by 8.2% in the 2nd quarter. Regent Investment Management LLC now owns 13,200 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 1,000 shares during the last quarter. 75.18% of the stock is currently owned by institutional investors.

In other Mosaic news, Director William T. Monahan bought 2,360 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $21.15 per share, with a total value of $49,914.00. Following the completion of the purchase, the director now directly owns 39,235 shares in the company, valued at $829,820.25. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cheryl K. Beebe bought 12,998 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $19.21 per share, with a total value of $249,691.58. Following the completion of the purchase, the director now owns 23,704 shares of the company’s stock, valued at $455,353.84. The disclosure for this purchase can be found here. 0.51% of the stock is owned by corporate insiders.

Several research firms have commented on MOS. Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $31.00 in a research report on Wednesday, July 31st. Royal Bank of Canada reduced their price target on shares of Mosaic from $32.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, September 27th. They noted that the move was a valuation call. BMO Capital Markets set a $27.00 price target on shares of Mosaic and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Cowen reduced their price target on shares of Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus reduced their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Mosaic currently has an average rating of “Hold” and an average price target of $27.63.

MOS stock opened at $19.75 on Friday. Mosaic Co has a 12 month low of $17.36 and a 12 month high of $37.33. The firm has a market cap of $7.59 billion, a PE ratio of 16.13, a P/E/G ratio of 5.36 and a beta of 1.65. The firm has a 50 day simple moving average of $20.18 and a 200 day simple moving average of $21.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 0.67.

Mosaic (NYSE:MOS) last released its earnings results on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Mosaic Co will post 0.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, December 4th. Mosaic’s dividend payout ratio is presently 9.43%.

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 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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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