The Mosaic Company (NYSE:MOS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in The Mosaic Company (NYSE:MOS - Free Report) by 606.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,389,335 shares of the basic materials company's stock after buying an additional 1,192,602 shares during the period. Victory Capital Management Inc. owned 0.44% of Mosaic worth $37,526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Mosaic by 36.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company's stock worth $1,520,000 after buying an additional 14,943 shares during the period. Yousif Capital Management LLC boosted its holdings in Mosaic by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock valued at $1,436,000 after purchasing an additional 685 shares during the period. Proficio Capital Partners LLC bought a new position in Mosaic in the 4th quarter valued at $1,054,000. Oppenheimer & Co. Inc. bought a new position in Mosaic in the 1st quarter valued at $1,119,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Mosaic by 19.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company's stock valued at $1,275,000 after purchasing an additional 7,828 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Mosaic from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. 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. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. increased their price target on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, CIBC upped their target price on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $35.58.

Insiders Place Their Bets

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the sale, the senior vice president directly owned 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.86% of the company's stock.

Mosaic Stock Up 1.4%

Shares of MOS stock traded up $0.52 during trading on Tuesday, reaching $36.05. The company's stock had a trading volume of 1,520,684 shares, compared to its average volume of 4,832,186. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 2.07 and a beta of 1.12. The stock's 50-day moving average price is $35.85 and its 200 day moving average price is $30.04. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

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.