Offit Capital Advisors LLC Purchases New Position in The Mosaic Company (NYSE:MOS)

Offit Capital Advisors LLC purchased a new stake in The Mosaic Company (NYSE:MOSGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,813 shares of the basic materials company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. J.W. Cole Advisors Inc. grew its stake in Mosaic by 35.2% in the 1st quarter. J.W. Cole Advisors Inc. now owns 21,034 shares of the basic materials company’s stock valued at $1,399,000 after buying an additional 5,472 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Mosaic by 2,143.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 603,579 shares of the basic materials company’s stock valued at $40,138,000 after purchasing an additional 576,679 shares during the period. Rehmann Capital Advisory Group bought a new stake in Mosaic in the 1st quarter valued at about $296,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Mosaic by 30.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,563 shares of the basic materials company’s stock valued at $2,165,000 after purchasing an additional 7,606 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in Mosaic in the 1st quarter valued at about $379,000. Institutional investors and hedge funds own 82.24% of the company’s stock.

Analysts Set New Price Targets

MOS has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Mosaic from $59.00 to $52.00 and set an “underweight” rating for the company in a report on Wednesday, August 10th. Piper Sandler boosted their price objective on shares of Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Credit Suisse Group initiated coverage on shares of Mosaic in a report on Thursday, July 14th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.69.

Mosaic Price Performance

Shares of NYSE:MOS opened at $52.20 on Friday. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.57 and a beta of 1.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $52.62 and a 200 day simple moving average of $57.80. The Mosaic Company has a one year low of $31.47 and a one year high of $79.28.

Mosaic (NYSE:MOSGet Rating) last issued its quarterly earnings data on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.29). The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.62 billion. Mosaic had a net margin of 19.66% and a return on equity of 30.83%. Mosaic’s revenue for the quarter was up 91.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. Research analysts predict that The Mosaic Company will post 13.62 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, August 31st. Mosaic’s payout ratio is 6.84%.

Mosaic declared that its Board of Directors has approved a stock buyback plan on Monday, August 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 10.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Mosaic Company Profile

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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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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