Jackson Square Capital LLC Acquires Shares of 68,917 The Mosaic Company (NYSE:MOS)

Jackson Square Capital LLC acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,917 shares of the basic materials company's stock, valued at approximately $1,861,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Mosaic by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after purchasing an additional 150,186 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Mosaic during the fourth quarter worth $1,054,000. Jones Financial Companies Lllp raised its position in shares of Mosaic by 59.5% during the fourth quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company's stock worth $189,000 after purchasing an additional 2,867 shares during the period. Asset Management One Co. Ltd. raised its position in Mosaic by 1.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company's stock valued at $2,933,000 after buying an additional 1,489 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Mosaic in the 4th quarter worth about $3,599,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOS has been the subject of a number of research reports. Piper Sandler restated a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Mizuho decreased their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $30.00 to $40.00 in a research report on Thursday, May 8th. The Goldman Sachs Group initiated coverage on Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.58.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president now owns 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Mosaic Stock Performance

Mosaic stock traded up $1.13 during trading hours on Friday, reaching $35.72. 8,010,606 shares of the company were exchanged, compared to its average volume of 4,815,270. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.42 and a beta of 1.14. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $31.76 and a 200 day moving average of $28.02. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.46%. Mosaic's dividend payout ratio is currently 75.86%.

Mosaic 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 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.