Keybank National Association OH Buys 3,543 Shares of The Mosaic Company (NYSE:MOS)

Posted by Defense World Staff on Aug 23rd, 2023

Keybank National Association OH grew its stake in The Mosaic Company (NYSE:MOS – Free Report) by 55.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,886 shares of the basic materials company’s stock after acquiring an additional 3,543 shares during the quarter. Keybank National Association OH’s holdings in Mosaic were worth $454,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Heritage Wealth Management LLC raised its stake in shares of Mosaic by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 600 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. Quent Capital LLC raised its stake in shares of Mosaic by 50.0% in the first quarter. Quent Capital LLC now owns 705 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 235 shares during the last quarter. High Net Worth Advisory Group LLC purchased a new position in shares of Mosaic in the first quarter worth $33,000. First Command Bank raised its stake in shares of Mosaic by 60.1% in the second quarter. First Command Bank now owns 866 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 325 shares during the last quarter. Finally, MV Capital Management Inc. raised its stake in shares of Mosaic by 370.8% in the first quarter. MV Capital Management Inc. now owns 951 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 749 shares during the last quarter. 87.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MOS. Bank of America upped their price objective on Mosaic from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, August 7th. StockNews.com initiated coverage on Mosaic in a research report on Thursday, August 17th. They set a “hold” rating for the company. Piper Sandler upped their price target on Mosaic from $42.00 to $46.00 in a research report on Monday, August 7th. Wells Fargo & Company upped their price target on Mosaic from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Finally, Barclays cut Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 price target for the company. in a research report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.71.

Get Our Latest Report on MOS

Mosaic Trading Down 1.7 %

Shares of Mosaic stock opened at $38.85 on Wednesday. The stock has a market cap of $12.91 billion, a P/E ratio of 6.14, a P/E/G ratio of 1.45 and a beta of 1.52. The stock’s 50 day simple moving average is $37.81 and its 200-day simple moving average is $41.60. The Mosaic Company has a 1-year low of $31.44 and a 1-year high of $63.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.18 and a quick ratio of 0.53.

Mosaic (NYSE:MOS – Get Free Report) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.03). Mosaic had a return on equity of 20.21% and a net margin of 12.89%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm earned $3.64 earnings per share. The company’s revenue for the quarter was down 36.8% on a year-over-year basis. Analysts predict that The Mosaic Company will post 3.89 EPS for the current fiscal year.

Mosaic Company Profile

(Free Report)

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.