Kestra Private Wealth Services LLC bought a new position in The Mosaic Company (NYSE:MOS – Get Rating) during the 1st quarter, Holdings Channel reports. The institutional investor bought 5,694 shares of the basic materials company’s stock, valued at approximately $379,000.
Other large investors have also made changes to their positions in the company. SJS Investment Consulting Inc. purchased a new position in shares of Mosaic in the 1st quarter worth $28,000. BerganKDV Wealth Management LLC purchased a new position in shares of Mosaic in the 1st quarter worth $33,000. High Net Worth Advisory Group LLC purchased a new position in shares of Mosaic in the 1st quarter worth $33,000. FourThought Financial LLC raised its position in shares of Mosaic by 5,000.0% in the 1st quarter. FourThought Financial LLC now owns 510 shares of the basic materials company’s stock worth $34,000 after buying an additional 500 shares during the period. Finally, JFS Wealth Advisors LLC purchased a new position in shares of Mosaic in the 1st quarter worth $35,000. 82.24% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on MOS shares. Piper Sandler raised their price objective on Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Credit Suisse Group started coverage on Mosaic in a research report on Thursday, July 14th. They issued an “outperform” rating and a $60.00 price objective on the stock. Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, August 3rd. Finally, Barclays cut their price objective on Mosaic from $59.00 to $52.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 10th. One 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 MarketBeat, Mosaic presently has an average rating of “Moderate Buy” and an average target price of $65.69.
Mosaic Stock Down 1.0 %
Mosaic (NYSE:MOS – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.29). The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.62 billion. Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The firm’s revenue for the quarter was up 91.8% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that The Mosaic Company will post 13.62 earnings per share for the current fiscal year.
Mosaic Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.15 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. Mosaic’s dividend payout ratio (DPR) is 6.84%.
Mosaic declared that its board has approved a share buyback program on Monday, August 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
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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