Arizona State Retirement System Buys 471 Shares of The Mosaic Company (NYSE:MOS)

Arizona State Retirement System increased its stake in The Mosaic Company (NYSE:MOS) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,550 shares of the basic materials company’s stock after purchasing an additional 471 shares during the quarter. Arizona State Retirement System’s holdings in Mosaic were worth $2,275,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares during the period. R Squared Ltd bought a new stake in Mosaic during the fourth quarter valued at about $33,000. Tobam bought a new stake in Mosaic during the fourth quarter valued at about $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic during the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC raised its holdings in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,809 shares during the period. 77.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Mizuho decreased their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Scotiabank decreased their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a report on Monday, March 3rd. Piper Sandler raised their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.70.

Mosaic Trading Down 0.9 %

MOS opened at $24.92 on Tuesday. The firm has a market cap of $7.90 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $26.24 and a 200 day moving average of $26.27.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.53%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

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.