Victory Capital Management Inc., a prominent investment management and advisory firm, has increased its position in The Mosaic Company (NYSE:MOS) by 5.4% during the fourth quarter of 2021. This is according to the company’s latest Form 13F filing with the Securities & Exchange Commission. As reported, Victory Capital Management Inc.’s holdings in Mosaic were worth $8,350,000 at the end of the reporting period after purchasing an additional 8,671 shares.
The Mosaic Co is a leading producer and supplier of concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment engages in the ownership and operation of mines and production facilities that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients.
In a recent earnings report, Mosaic had revealed its quarterly performance, posting earnings per share (EPS) of $1.14 for Q1 this year. It missed the consensus estimate by ($0.14), which was set at $1.28 EPS for Q1 this year. Despite the earnings miss, Mosaic had a return on equity of 28.64% and a net margin of 15.08%, indicating strong profitability figures for the company.
Mosaic’s Q1 revenue was recorded at $3.6 billion compared to last year’s same quarter quarterly revenue of $3.92 billion — marking an 8.% decline YoY in quarterly revenue – primarily due to weather-related events within North America.
Despite these fluctuations in revenue due to weather-related impacts on demand for fertilizers in North America during Q1 this year – which is not uncommon considering factors such as climate change – equities research analysts predict that The Mosaic Company will post an EPS figure of approximately $4.69 for the current fiscal year.
The market outlook for Mosaic is stable, with predictions of moderate growth in the company’s revenue and dividends in the coming quarters. With Victory Capital Management Inc.’s increased position in Mosaic, investors can anticipate higher returns due to the likelihood of anticipated market growth. In conclusion, Mosaic remains a promising addition to any balanced investment portfolio.
Investor portfolios see changes as Mosaic ownership increases
Investor portfolios are seeing some changes as hedge funds and other institutional investors either up their stakes in Mosaic or reduce them, according to recent reports. Guardian Wealth Advisors is reported to have recently purchased new Mosaic shares worth $27,000, while earlier this year High Net Worth Advisory Group acquired a new stake worth $33,000. The fourth quarter of 2016 saw Janiczek Wealth Management increase its holding by 54.4%, with Neo Ivy Capital Management acquiring new shares in Q3 at $39,000 and First Command Bank adding just over 60% to its stake in Q2 at a cost of $41,000. It’s interesting to note that around 85% of the stock is now owned by such investors and funds.
The New York Stock Exchange gradually welcomed MOS on Friday as it opened at $34.17 per share; the company’s 200-day moving average currently stands at $46.50 with the 50-day moving average listed at $42.13. A P/E ratio has been set at 4.23 and beta measured in at 1.49, reflecting strong investor confidence.
Mosaic specializes in producing concentrated phosphate and potash crop nutrients across three segments – Phosphates, Potash and Mosaic Fertilizantes – along with owning mining operations throughout America producing animal feed ingredients and processing plants generating concentrated phosphate nutrients for crops.
Shareholders will reportedly receive a quarterly dividend from the firm due on Thursday June 15th for those who were recorded as investors on June 1st; earnings are projected to stand up to an annualized rate of $0.80 per share giving way to a yield reaching up to 2.34%. However, despite the many positive aspects surrounding Mosaic Company relating both to earnings and solid investor confidence through ownership stakes growing steadily amongst individual investment firms and hedge funds alike, some analysts remain sceptical about future trends. Three analysts recommend selling Mosaic stock, with a further nine advising to hold.
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