South Dakota Investment Council Has $580,000 Stock Holdings in The Mosaic Company $MOS

South Dakota Investment Council lowered its stake in The Mosaic Company (NYSE:MOS) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,748 shares of the basic materials company’s stock after selling 24,200 shares during the quarter. South Dakota Investment Council’s holdings in Mosaic were worth $580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Amundi boosted its position in Mosaic by 2.5% during the first quarter. Amundi now owns 1,497,318 shares of the basic materials company’s stock valued at $38,182,000 after purchasing an additional 36,597 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mosaic by 119.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 22,450 shares of the basic materials company’s stock worth $572,000 after purchasing an additional 12,227 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Mosaic by 22.2% during the 1st quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after purchasing an additional 66,608 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Mosaic by 18.6% during the 1st quarter. Royal Bank of Canada now owns 401,445 shares of the basic materials company’s stock worth $10,237,000 after purchasing an additional 62,883 shares in the last quarter. Finally, Recurrent Investment Advisors LLC raised its stake in shares of Mosaic by 4.6% during the 1st quarter. Recurrent Investment Advisors LLC now owns 54,447 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Barclays cut their target price on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. BMO Capital Markets lowered their price target on Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Rothschild & Co Redburn started coverage on Mosaic in a research note on Friday, June 26th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.11.

Mosaic Price Performance

NYSE:MOS opened at $22.10 on Friday. The company has a market cap of $7.02 billion, a P/E ratio of 170.00, a P/E/G ratio of 3.07 and a beta of 0.82. The firm’s fifty day moving average price is $22.19 and its two-hundred day moving average price is $24.77. The Mosaic Company has a one year low of $19.80 and a one year high of $36.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Equities analysts expect that The Mosaic Company will post 0.73 earnings per share for the current year.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.