Live Oak Private Wealth LLC Sells 201,660 Shares of The Mosaic Company $MOS

Live Oak Private Wealth LLC reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 93.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,551 shares of the basic materials company’s stock after selling 201,660 shares during the period. Live Oak Private Wealth LLC’s holdings in Mosaic were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC lifted its position in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the period. United Services Automobile Association bought a new position in Mosaic in the 1st quarter valued at about $201,000. Empowered Funds LLC increased its holdings in Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP raised its position in shares of Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after buying an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares in the company, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MOS shares. The Goldman Sachs Group reduced their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Mizuho set a $25.00 target price on Mosaic in a report on Wednesday, August 5th. BNP Paribas Exane dropped their price objective on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Finally, Morgan Stanley lowered their target price on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.17.

Mosaic Stock Up 2.7%

Shares of NYSE MOS opened at $24.76 on Wednesday. The company has a 50 day simple moving average of $22.47 and a 200 day simple moving average of $23.99. The firm has a market cap of $7.87 billion, a PE ratio of -12.26, a price-to-earnings-growth ratio of 4.36 and a beta of 0.83. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, research analysts forecast that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.6%. Mosaic’s payout ratio is currently -43.56%.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.