The Mosaic Company (NYSE:MOS) Position Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in shares of The Mosaic Company (NYSE:MOS) by 52.9% during the fourth quarter, HoldingsChannel reports. The fund owned 220,135 shares of the basic materials company’s stock after acquiring an additional 76,155 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mosaic were worth $7,865,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Janiczek Wealth Management LLC boosted its stake in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 318 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Mosaic by 14.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock worth $92,000 after buying an additional 327 shares during the last quarter. Denali Advisors LLC lifted its position in shares of Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Mosaic by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 10,500 shares of the basic materials company’s stock worth $374,000 after buying an additional 419 shares during the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Mosaic by 9.5% in the 3rd quarter. Wahed Invest LLC now owns 5,200 shares of the basic materials company’s stock worth $185,000 after buying an additional 449 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 1.1 %

Mosaic stock opened at $30.41 on Wednesday. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.56 and a beta of 1.50. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $31.51 and its two-hundred day moving average price is $33.38. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $44.44.

Mosaic (NYSE:MOS) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $1.74 EPS. The firm’s quarterly revenue was down 29.7% on a year-over-year basis. On average, analysts expect that The Mosaic Company will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.76%. Mosaic’s dividend payout ratio (DPR) is 24.07%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MOS. The Goldman Sachs Group reduced their price target 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. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Finally, Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. Two equities 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, the stock 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.