Mosaic Co (MOS) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. increased its stake in Mosaic Co (NYSE:MOS) by 121.3% during the first quarter, Holdings Channel reports. The institutional investor owned 177,445 shares of the basic materials company’s stock after buying an additional 97,260 shares during the period. Victory Capital Management Inc.’s holdings in Mosaic were worth $4,846,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Private Capital Group LLC lifted its holdings in Mosaic by 50.8% during the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 405 shares during the last quarter. Berman Capital Advisors LLC purchased a new stake in shares of Mosaic in the fourth quarter worth about $39,000. CWM LLC lifted its holdings in shares of Mosaic by 2,795.7% in the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock worth $55,000 after buying an additional 1,957 shares in the last quarter. Exane Asset Management purchased a new stake in shares of Mosaic in the fourth quarter worth about $72,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Mosaic in the first quarter worth about $78,000. 73.27% of the stock is currently owned by institutional investors.
In other Mosaic news, Director Emery N. Koenig purchased 2,089 shares of Mosaic stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of $23.95 per share, for a total transaction of $50,031.55. Following the completion of the transaction, the director now directly owns 25,244 shares of the company’s stock, valued at $604,593.80. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Calvin O’rourke purchased 10,000 shares of Mosaic stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $24.03 per share, for a total transaction of $240,300.00. Following the completion of the transaction, the chief executive officer now directly owns 168,345 shares of the company’s stock, valued at $4,045,330.35. The disclosure for this purchase can be found here. Insiders have acquired 17,339 shares of company stock worth $414,182 over the last quarter. Company insiders own 0.51% of the company’s stock.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ 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 net margin of 5.85% and a return on equity of 7.88%. Mosaic’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. As a group, sell-side analysts forecast that Mosaic Co will post 1.68 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of Mosaic from a “hold” rating to a “strong sell” rating in a report on Monday. Royal Bank of Canada lowered their price target on shares of Mosaic from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. BMO Capital Markets lowered their price target on shares of Mosaic from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, March 29th. Finally, Bank of America reissued a “buy” rating and issued a $34.00 price target (down from $38.00) on shares of Mosaic in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Mosaic currently has an average rating of “Hold” and a consensus price target of $33.13.
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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