South Dakota Investment Council Has $1.90 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

South Dakota Investment Council lifted its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 81.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,142 shares of the basic materials company's stock after acquiring an additional 31,417 shares during the quarter. South Dakota Investment Council's holdings in Mosaic were worth $1,895,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Foundry Partners LLC boosted its stake in shares of Mosaic by 14.2% during the first quarter. Foundry Partners LLC now owns 657,808 shares of the basic materials company's stock valued at $17,767,000 after purchasing an additional 81,932 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Mosaic during the first quarter valued at approximately $203,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Mosaic during the first quarter valued at approximately $775,000. Triasima Portfolio Management inc. acquired a new stake in Mosaic in the first quarter valued at approximately $561,000. Finally, Victory Capital Management Inc. boosted its stake in Mosaic by 606.2% in the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after acquiring an additional 1,192,602 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 0.0%

Shares of NYSE MOS traded down $0.01 during trading on Thursday, reaching $37.17. 1,134,413 shares of the stock were exchanged, compared to its average volume of 5,558,731. The business's 50-day moving average price is $35.95 and its 200 day moving average price is $30.13. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The firm's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler reiterated a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Barclays boosted their target price on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Scotiabank reaffirmed an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on shares of Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company raised their price objective on shares of Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.75.

Insider Transactions at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm's 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 transaction, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

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.