DekaBank Deutsche Girozentrale lifted its position in shares of The Mosaic Company (NYSE:MOS – Get Rating) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 361,533 shares of the basic materials company’s stock after buying an additional 24,207 shares during the period. DekaBank Deutsche Girozentrale owned 0.10% of Mosaic worth $14,424,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Mosaic by 380.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 663 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 525 shares during the period. Financial Management Professionals Inc. raised its position in Mosaic by 110.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 792 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 416 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Mosaic by 1,204.3% during the 3rd quarter. Clearstead Advisors LLC now owns 900 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 831 shares during the last quarter. Huntington National Bank bought a new position in shares of Mosaic during the 3rd quarter valued at about $34,000. Finally, Wagner Wealth Management LLC raised its holdings in shares of Mosaic by 50.4% in the third quarter. Wagner Wealth Management LLC now owns 961 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 322 shares during the last quarter. 73.75% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the company. BMO Capital Markets raised Mosaic from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $50.00 in a research note on Friday, January 14th. Piper Sandler upped their price objective on shares of Mosaic from $57.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. UBS Group boosted their price target on Mosaic from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, January 4th. Berenberg Bank cut shares of Mosaic from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Thursday, February 24th. Finally, HSBC downgraded Mosaic from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $50.00 to $57.00 in a research note on Monday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus price target of $55.31.
Mosaic (NYSE:MOS – Get Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The basic materials company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.93 billion. Mosaic had a return on equity of 18.45% and a net margin of 13.19%. The firm’s quarterly revenue was up 56.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. Research analysts anticipate that The Mosaic Company will post 11.65 earnings per share for the current fiscal year.
Mosaic declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, SVP Mark J. Isaacson sold 40,094 shares of the business’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $45.00, for a total value of $1,804,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Corrine D. Ricard sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $67.00, for a total transaction of $670,000.00. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Mosaic Company Profile (Get Rating)
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.
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