The Mosaic Company (NYSE:MOS) Shares Purchased by American Century Companies Inc.

Posted by on Sep 1st, 2023

American Century Companies Inc. boosted its position in The Mosaic Company (NYSE:MOS – Free Report) by 40.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435,646 shares of the basic materials company’s stock after acquiring an additional 125,430 shares during the quarter. American Century Companies Inc. owned 0.13% of Mosaic worth $19,944,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC acquired a new stake in Mosaic in the first quarter valued at approximately $33,000. Heritage Wealth Management LLC raised its holdings in Mosaic by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 600 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Mosaic in the first quarter valued at approximately $44,000. Quent Capital LLC raised its holdings in Mosaic by 50.0% during 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 in the last quarter. Finally, Carolinas Wealth Consulting LLC raised its holdings in Mosaic by 3,186.4% during the first quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 701 shares in the last quarter. Institutional investors and hedge funds own 84.05% of the company’s stock.

Mosaic Stock Performance

NYSE:MOS opened at $38.85 on Friday. The firm’s fifty day moving average price is $38.27 and its 200 day moving average price is $41.16. The Mosaic Company has a 1-year low of $31.44 and a 1-year high of $61.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.18 and a quick ratio of 0.53. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.52.

Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.03). Mosaic had a net margin of 12.89% and a return on equity of 20.21%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $3.64 earnings per share. The business’s quarterly revenue was down 36.8% on a year-over-year basis. On average, sell-side analysts expect that The Mosaic Company will post 3.89 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.06%. Mosaic’s dividend payout ratio (DPR) is presently 12.64%.

Analysts Set New Price Targets

MOS has been the topic of a number of research analyst reports. BMO Capital Markets cut their price objective on shares of Mosaic from $65.00 to $55.00 in a report on Friday, May 5th. Piper Sandler raised their price objective on shares of Mosaic from $42.00 to $46.00 in a report on Monday, August 7th. Credit Suisse Group raised their price objective on shares of Mosaic from $33.00 to $36.00 and gave the stock an “underperform” rating in a report on Wednesday, August 2nd. StockNews.com initiated coverage on shares of Mosaic in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Mizuho cut their price objective on shares of Mosaic from $50.00 to $48.00 in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.71.

Check Out Our Latest Research Report on Mosaic

About Mosaic

(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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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