Russell Investments Group Ltd. raised its position in The Mosaic Company (NYSE:MOS - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 684,782 shares of the basic materials company's stock after purchasing an additional 43,074 shares during the period. Russell Investments Group Ltd. owned 0.21% of Mosaic worth $24,468,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Mosaic in the 4th quarter valued at $248,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Mosaic by 5.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,435,687 shares of the basic materials company's stock valued at $51,297,000 after buying an additional 72,220 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Mosaic in the 4th quarter valued at $317,000. Alaska Permanent Fund Corp grew its position in Mosaic by 1.0% during the 4th quarter. Alaska Permanent Fund Corp now owns 67,192 shares of the basic materials company's stock worth $2,401,000 after purchasing an additional 692 shares during the last quarter. Finally, Glenorchy Capital Ltd purchased a new position in Mosaic during the 4th quarter worth $1,760,000. 77.54% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on MOS. Piper Sandler downgraded shares of Mosaic from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. The Goldman Sachs Group reduced their target price on shares of Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. Wolfe Research started coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 target price for the company. Mizuho cut shares of Mosaic from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $42.00 to $34.00 in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company raised their target price on shares of Mosaic from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.27.
Check Out Our Latest Stock Analysis on Mosaic
Mosaic Price Performance
NYSE:MOS traded down $1.52 during mid-day trading on Thursday, hitting $28.41. 12,281,118 shares of the company's stock traded hands, compared to its average volume of 5,009,181. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The firm's 50 day simple moving average is $31.46 and its 200 day simple moving average is $33.13. The Mosaic Company has a 1 year low of $27.83 and a 1 year high of $43.85. The company has a market cap of $9.14 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50.
Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter last year, the business posted $1.14 earnings per share. The business's revenue was down 25.7% compared to the same quarter last year. Sell-side analysts expect that The Mosaic Company will post 2.78 EPS for the current year.
Mosaic Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. 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 2.96%. Mosaic's dividend payout ratio (DPR) is presently 24.07%.
Mosaic Company Profile
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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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