The Mosaic Company (NYSE:MOS) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 52.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 0.07% of Mosaic worth $7,865,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MOS. International Assets Investment Management LLC increased its position in shares of Mosaic by 15.0% during the third quarter. International Assets Investment Management LLC now owns 7,251 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 945 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Mosaic in the 3rd quarter valued at $243,000. HB Wealth Management LLC acquired a new position in shares of Mosaic in the 3rd quarter valued at $212,000. SG Americas Securities LLC increased its position in shares of Mosaic by 95.0% in the 3rd quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock valued at $1,504,000 after acquiring an additional 20,585 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 1,289 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on MOS. Wolfe Research began coverage on Mosaic in a research report on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price on the stock. Mizuho downgraded Mosaic from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $34.00 in a research report on Wednesday, January 24th. Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research report on Thursday, February 22nd. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Finally, Wells Fargo & Company upped their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price of $40.27.

Mosaic Trading Down 1.1 %

MOS stock opened at $30.41 on Wednesday. The firm has a market cap of $9.78 billion, a P/E ratio of 8.71, a PEG ratio of 1.56 and a beta of 1.50. The Mosaic Company has a 52-week low of $29.25 and a 52-week high of $44.44. The company’s 50-day simple moving average is $31.51 and its 200-day simple moving average is $33.38. 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) last issued 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). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is presently 24.07%.

Mosaic Profile

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.