Pflug Koory LLC reduced its position in shares of Mosaic Co (NYSE:MOS) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,870 shares of the basic materials company’s stock after selling 530 shares during the period. Pflug Koory LLC’s holdings in Mosaic were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stonebridge Capital Advisors LLC bought a new stake in Mosaic in the 2nd quarter valued at $32,000. Captrust Financial Advisors raised its stake in shares of Mosaic by 207.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock valued at $35,000 after buying an additional 948 shares in the last quarter. NuWave Investment Management LLC raised its stake in shares of Mosaic by 244.6% in the 3rd quarter. NuWave Investment Management LLC now owns 2,040 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,448 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Mosaic by 169.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Mosaic during the 1st quarter worth about $41,000. 74.98% of the stock is owned by institutional investors and hedge funds.

Mosaic stock traded up $0.20 during midday trading on Tuesday, hitting $20.26. 181,170 shares of the stock were exchanged, compared to its average volume of 5,061,775. The company has a fifty day simple moving average of $19.95 and a two-hundred day simple moving average of $22.92. Mosaic Co has a 52 week low of $17.36 and a 52 week high of $37.37. The stock has a market capitalization of $8.00 billion, a PE ratio of 9.56, a P/E/G ratio of 2.59 and a beta of 1.65. The company has a quick ratio of 0.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.43.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Mosaic Co will post 1.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, September 4th. Mosaic’s payout ratio is currently 9.43%.

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

MOS has been the subject of several research reports. Cowen lowered their price objective on shares of Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Stifel Nicolaus lowered their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, October 4th. ValuEngine upgraded shares of Mosaic from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Consumer Edge initiated coverage on shares of Mosaic in a research report on Monday, September 23rd. They issued an “equal weight” rating and a $22.00 price objective for the company. Finally, Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.06.

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.

Recommended Story: What is the definition of arbitrage?

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mosaic Co (NYSE:MOS).

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.