Victory Capital Management Inc. Sells 4,989 Shares of The Mosaic Company (NYSE:MOS)

Victory Capital Management Inc. trimmed its stake in The Mosaic Company (NYSE:MOS) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 983,263 shares of the basic materials company’s stock after selling 4,989 shares during the quarter. Victory Capital Management Inc. owned 0.31% of Mosaic worth $26,332,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Aigen Investment Management LP grew its holdings in shares of Mosaic by 284.7% during the third quarter. Aigen Investment Management LP now owns 36,995 shares of the basic materials company’s stock valued at $991,000 after buying an additional 27,378 shares during the last quarter. GSA Capital Partners LLP bought a new position in Mosaic in the 3rd quarter valued at approximately $244,000. Entropy Technologies LP purchased a new stake in Mosaic during the 3rd quarter valued at $357,000. Versor Investments LP increased its holdings in shares of Mosaic by 920.6% in the 3rd quarter. Versor Investments LP now owns 85,300 shares of the basic materials company’s stock worth $2,284,000 after purchasing an additional 76,942 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Mosaic by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 354 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Up 0.2 %

MOS opened at $26.38 on Monday. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The firm’s 50 day simple moving average is $26.38 and its two-hundred day simple moving average is $27.89. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $8.41 billion, a PE ratio of 23.35, a PEG ratio of 1.71 and a beta of 1.35.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 2.21 EPS for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, December 5th. Mosaic’s dividend payout ratio is 74.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MOS shares. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday. Barclays lowered their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Mizuho lifted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $33.22.

About Mosaic

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.