Victory Capital Management Inc. Has $27.27 Million Holdings in The Mosaic Company (NYSE:MOS)

Victory Capital Management Inc. increased its holdings in The Mosaic Company (NYSE:MOS) by 28.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 763,115 shares of the basic materials company’s stock after buying an additional 170,668 shares during the period. Victory Capital Management Inc.’s holdings in Mosaic were worth $27,266,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Denali Advisors LLC increased its stake in Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Mosaic in the third quarter worth $57,000. Planned Solutions Inc. acquired a new position in Mosaic in the fourth quarter valued at about $65,000. Finally, CVA Family Office LLC bought a new stake in Mosaic during the fourth quarter worth about $79,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Up 2.9 %

NYSE:MOS opened at $29.89 on Wednesday. The Mosaic Company has a one year low of $27.83 and a one year high of $42.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The company has a market cap of $9.62 billion, a PE ratio of 12.72 and a beta of 1.51. The firm’s 50 day simple moving average is $31.33 and its 200 day simple moving average is $32.93.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, research analysts anticipate that The Mosaic Company will post 2.78 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Mosaic’s payout ratio is 35.74%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MOS shares. Royal Bank of Canada decreased their target price on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. TheStreet cut Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Piper Sandler decreased their price target on Mosaic from $32.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Wolfe Research started coverage on Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and an average price target of $38.57.

About Mosaic

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.