State of Alaska Department of Revenue Purchases 50,900 Shares of The Mosaic Company $MOS

State of Alaska Department of Revenue lifted its position in shares of The Mosaic Company (NYSE:MOS) by 149.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,894 shares of the basic materials company’s stock after buying an additional 50,900 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mosaic were worth $2,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dorsey Wright & Associates acquired a new position in Mosaic in the 3rd quarter valued at $4,170,000. Wedge Capital Management L L P NC lifted its holdings in shares of Mosaic by 87.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after acquiring an additional 175,914 shares during the last quarter. Barclays PLC boosted its position in Mosaic by 55.6% in the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after buying an additional 574,352 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Mosaic by 26.3% during the 3rd quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after acquiring an additional 79,222 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Mosaic during the fourth quarter valued at about $1,302,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Down 1.0%

Shares of Mosaic stock opened at $24.49 on Friday. The firm has a market cap of $7.78 billion, a PE ratio of 14.49, a P/E/G ratio of 2.52 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The Mosaic Company has a 1 year low of $23.06 and a 1 year high of $38.23. The stock has a fifty day moving average price of $27.06 and a 200-day moving average price of $26.96.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Equities research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, May 21st. Mosaic’s payout ratio is currently 52.07%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Mizuho cut their price target on Mosaic from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday. Freedom Capital cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. UBS Group cut Mosaic from a “buy” rating to a “neutral” rating and cut their target price for the stock from $33.00 to $27.00 in a report on Thursday, March 26th. Finally, Wall Street Zen downgraded Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.00.

Mosaic 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.