Public Employees Retirement Association of Colorado Purchases 11,683 Shares of The Mosaic Company (NYSE:MOS)

Public Employees Retirement Association of Colorado lifted its position in The Mosaic Company (NYSE:MOSFree Report) by 45.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,113 shares of the basic materials company’s stock after purchasing an additional 11,683 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Mosaic were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AustralianSuper Pty Ltd raised its holdings in shares of Mosaic by 23.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after acquiring an additional 391,191 shares in the last quarter. International Assets Investment Management LLC raised its stake in Mosaic by 3,212.6% in the fourth quarter. International Assets Investment Management LLC now owns 240,200 shares of the basic materials company’s stock valued at $8,582,000 after purchasing an additional 232,949 shares in the last quarter. Sapient Capital LLC bought a new stake in Mosaic during the fourth quarter valued at approximately $2,300,000. Oak Thistle LLC grew its stake in Mosaic by 13.1% in the 4th quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock worth $1,434,000 after buying an additional 4,658 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in shares of Mosaic in the 4th quarter worth $3,337,000. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MOS. Royal Bank of Canada dropped their price objective on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Piper Sandler cut their price objective on Mosaic from $32.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Barclays decreased their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Scotiabank cut their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research note on Monday, May 6th. Finally, Wells Fargo & Company lifted their price target 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus target price of $38.36.

Check Out Our Latest Stock Analysis on MOS

Mosaic Price Performance

MOS stock opened at $28.77 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $30.59 and its two-hundred day moving average price is $32.24. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.53 and a beta of 1.45. The Mosaic Company has a 12-month low of $27.83 and a 12-month high of $42.81.

Mosaic (NYSE:MOSGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business’s revenue was down 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. As a group, equities analysts predict that The Mosaic Company will post 2.64 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is presently 35.74%.

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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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