98,324 Shares in The Mosaic Company $MOS Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of The Mosaic Company (NYSE:MOS) in the second quarter, Holdings Channel reports. The fund bought 98,324 shares of the basic materials company’s stock, valued at approximately $2,083,000.

Several other hedge funds also recently added to or reduced their stakes in MOS. Geneos Wealth Management Inc. raised its stake in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Mosaic in the 2nd quarter valued at about $31,000. Gen Wealth Partners Inc purchased a new stake in shares of Mosaic in the fourth quarter worth about $32,000. SJS Investment Consulting Inc. boosted its stake in shares of Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after buying an additional 525 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Mosaic during the second quarter worth about $34,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

Shares of Mosaic stock opened at $25.83 on Monday. The firm has a market cap of $8.21 billion, a PE ratio of -12.79, a P/E/G ratio of 4.68 and a beta of 0.83. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $22.72 and a 200 day moving average price of $23.90.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. Mosaic’s revenue for the quarter was down 6.0% on a year-over-year basis. Sell-side analysts predict that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.4%. Mosaic’s dividend payout ratio (DPR) is -43.56%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price target on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Morgan Stanley lowered their price objective on Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research note on Tuesday, May 12th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Scotiabank reiterated an “outperform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Tuesday, May 19th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average target price of $27.17.

Insider Activity

In related news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president owned 116,198 shares of the company’s stock, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

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.