Meridian Wealth Management LLC acquired a new stake in Mosaic Co (NYSE:MOS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,500 shares of the basic materials company’s stock, valued at approximately $41,000.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc increased its holdings in Mosaic by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 37,330,375 shares of the basic materials company’s stock valued at $1,212,490,000 after purchasing an additional 541,783 shares in the last quarter. BB&T Securities LLC grew its stake in shares of Mosaic by 9.9% during the fourth quarter. BB&T Securities LLC now owns 7,716 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 696 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Mosaic by 8.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,931 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 649 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Mosaic by 1,423.0% during the fourth quarter. Victory Capital Management Inc. now owns 80,185 shares of the basic materials company’s stock valued at $2,342,000 after acquiring an additional 74,920 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Mosaic by 4.8% during the fourth quarter. Comerica Bank now owns 74,685 shares of the basic materials company’s stock valued at $2,373,000 after acquiring an additional 3,434 shares in the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Clint Freeland acquired 4,250 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $23.60 per share, for a total transaction of $100,300.00. Following the completion of the purchase, the chief financial officer now directly owns 4,250 shares of the company’s stock, valued at $100,300. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Emery N. Koenig acquired 2,089 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $23.95 per share, for a total transaction of $50,031.55. Following the purchase, the director now directly owns 25,244 shares of the company’s stock, valued at $604,593.80. The disclosure for this purchase can be found here. Insiders have purchased 17,339 shares of company stock worth $414,182 in the last quarter. Company insiders own 0.51% of the company’s stock.
NYSE MOS traded up $0.51 during trading hours on Friday, reaching $23.00. The company’s stock had a trading volume of 3,907,108 shares, compared to its average volume of 4,502,275. The company has a 50-day moving average of $23.07. The company has a market cap of $8.68 billion, a PE ratio of 10.85, a PEG ratio of 2.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic Co has a 52 week low of $20.81 and a 52 week high of $37.37.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. As a group, sell-side analysts forecast that Mosaic Co will post 1.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Wednesday, June 5th. This is a positive change from Mosaic’s previous quarterly dividend of $0.03. Mosaic’s dividend payout ratio (DPR) is currently 9.43%.
Several brokerages have recently weighed in on MOS. Morgan Stanley lowered their target price on Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America increased their price target on shares of Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Citigroup increased their price target on shares of PVH from $120.00 to $128.00 and gave the stock a “neutral” rating in a research report on Friday, March 29th. JPMorgan Chase & Co. increased their price target on shares of LYFT from $82.00 to $86.00 in a research report on Wednesday, May 8th. Finally, Berenberg Bank set a $43.00 price target on shares of CF Industries and gave the stock a “hold” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.57.
Mosaic Company Profile
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 International Distribution. 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.
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