CVA Family Office LLC boosted its holdings in shares of The Mosaic Company (NYSE:MOS – Get Rating) by 552.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,990 shares of the basic materials company’s stock after buying an additional 1,685 shares during the period. CVA Family Office LLC’s holdings in Mosaic were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC raised its position in Mosaic by 47.4% during the first quarter. Kestra Advisory Services LLC now owns 15,565 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 5,003 shares during the period. First Command Bank acquired a new position in Mosaic in the 1st quarter worth about $36,000. Mutual of America Capital Management LLC increased its position in Mosaic by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 49,433 shares of the basic materials company’s stock worth $3,287,000 after purchasing an additional 531 shares during the last quarter. Veriti Management LLC acquired a new position in Mosaic in the 1st quarter worth about $359,000. Finally, Daiwa Securities Group Inc. increased its position in Mosaic by 1.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 22,805 shares of the basic materials company’s stock worth $1,517,000 after purchasing an additional 254 shares during the last quarter. 82.24% of the stock is owned by institutional investors and hedge funds.
Mosaic Price Performance
Shares of NYSE:MOS opened at $54.87 on Tuesday. The business has a 50 day moving average price of $52.82 and a 200 day moving average price of $57.81. The Mosaic Company has a twelve month low of $31.47 and a twelve month high of $79.28. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.55 and a beta of 1.58. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 0.28.
Mosaic announced that its Board of Directors has authorized a stock repurchase plan on Monday, August 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Mosaic Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.60 annualized dividend and a yield of 1.09%. Mosaic’s payout ratio is 6.84%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on MOS shares. Credit Suisse Group started coverage on Mosaic in a research report on Thursday, July 14th. They issued an “outperform” rating and a $60.00 target price on the stock. Barclays dropped their target price on Mosaic from $59.00 to $52.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 10th. Piper Sandler increased their price objective on Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Finally, Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and an average target price of $65.69.
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.
- Get a free copy of the StockNews.com research report on Mosaic (MOS)
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