Illinois Municipal Retirement Fund lifted its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,135 shares of the basic materials company's stock after purchasing an additional 76,155 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.07% of Mosaic worth $7,865,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of MOS. Denali Advisors LLC raised its position in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock worth $30,000 after purchasing an additional 414 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company's stock valued at $52,000 after buying an additional 318 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Mosaic by 526.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company's stock valued at $55,000 after buying an additional 1,289 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Mosaic during the third quarter valued at $57,000. Finally, Planned Solutions Inc. purchased a new position in shares of Mosaic during the fourth quarter valued at $65,000. 77.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on MOS. The Goldman Sachs Group lowered their price target on Mosaic from $54.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Scotiabank upgraded Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 price target on the stock in a report on Thursday, February 22nd. TheStreet downgraded Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Mizuho downgraded Mosaic from a "buy" rating to a "neutral" rating and lowered their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Finally, Wolfe Research assumed coverage on Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.27.
Read Our Latest Report on MOS
Mosaic Stock Up 0.3 %
Shares of NYSE:MOS traded up $0.08 on Wednesday, reaching $30.49. The company had a trading volume of 3,334,592 shares, compared to its average volume of 4,862,616. The Mosaic Company has a twelve month low of $29.25 and a twelve month high of $43.99. The stock has a 50-day moving average price of $31.51 and a 200 day moving average price of $33.38. The stock has a market capitalization of $9.81 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.56 and a beta of 1.50. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26.
Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $1.74 EPS. Mosaic's quarterly revenue was down 29.7% on a year-over-year basis. On average, equities analysts expect that The Mosaic Company will post 2.81 EPS for the current year.
Mosaic Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. Mosaic's dividend payout ratio is currently 24.07%.
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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