Victory Capital Management Inc. boosted its holdings in shares of Mosaic Co (NYSE:MOS) by 1,423.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 80,185 shares of the basic materials company’s stock after acquiring an additional 74,920 shares during the quarter. Victory Capital Management Inc.’s holdings in Mosaic were worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Capital Group LLC boosted its holdings in shares of Mosaic by 50.8% during the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 405 shares during the period. Exane Asset Management bought a new stake in shares of Mosaic during the fourth quarter worth approximately $72,000. First Hawaiian Bank bought a new stake in shares of Mosaic during the third quarter worth approximately $175,000. Glenmede Trust Co. NA boosted its holdings in shares of Mosaic by 49.4% during the third quarter. Glenmede Trust Co. NA now owns 5,613 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 1,856 shares during the period. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of Mosaic during the third quarter worth approximately $201,000. 77.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MOS stock opened at $31.27 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.89. The company has a market capitalization of $12.26 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.95 and a beta of 1.53. Mosaic Co has a 1 year low of $22.90 and a 1 year high of $37.37.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.20. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.23) earnings per share. As a group, analysts predict that Mosaic Co will post 1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 6th. Mosaic’s dividend payout ratio (DPR) is currently 9.17%.
A number of equities research analysts have recently issued reports on MOS shares. TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a report on Monday, November 19th. Royal Bank of Canada set a $45.00 price objective on Mosaic and gave the stock a “buy” rating in a report on Wednesday, November 7th. Stephens set a $45.00 price objective on Mosaic and gave the stock a “buy” rating in a report on Wednesday, November 7th. ValuEngine upgraded Mosaic from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, January 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.14.
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Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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