State of Alaska Department of Revenue Trims Stock Holdings in The Mosaic Company (NYSE:MOS)

State of Alaska Department of Revenue lowered its position in The Mosaic Company (NYSE:MOS) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,214 shares of the basic materials company’s stock after selling 800 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mosaic were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the last quarter. R Squared Ltd purchased a new stake in Mosaic in the fourth quarter valued at approximately $33,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the fourth quarter valued at approximately $41,000. Blue Trust Inc. increased its holdings in shares of Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 570 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE MOS opened at $26.45 on Friday. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The business has a 50 day moving average price of $26.14 and a two-hundred day moving average price of $26.59. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.40 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s quarterly revenue was down 20.8% on a year-over-year basis. Sell-side analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.33%. Mosaic’s dividend payout ratio (DPR) is 74.34%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MOS shares. Morgan Stanley dropped their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Oppenheimer initiated coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. Piper Sandler upped their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $33.80.

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.