The Mosaic Company (NYSE:MOS) Position Boosted by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,192 shares of the basic materials company’s stock after purchasing an additional 692 shares during the period. Alaska Permanent Fund Corp’s holdings in Mosaic were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Denali Advisors LLC lifted its stake in Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after buying an additional 414 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in shares of Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Mosaic in the third quarter worth approximately $57,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Mosaic in the fourth quarter worth approximately $65,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

MOS traded down $0.56 during trading on Thursday, reaching $29.93. 565,027 shares of the company’s stock were exchanged, compared to its average volume of 4,805,015. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $43.99. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $31.52 and a 200 day moving average price of $33.36. The company has a market capitalization of $9.63 billion, a P/E ratio of 8.74, a PEG ratio of 1.56 and a beta of 1.50.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The firm’s revenue was down 29.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 earnings per share. As a group, analysts predict that The Mosaic Company will post 2.79 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. Mosaic’s payout ratio is presently 24.07%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho lowered shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. The Goldman Sachs Group cut their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, Wells Fargo & Company raised their price objective on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average price target of $40.27.

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.