Public Employees Retirement System of Ohio Invests $2.08 Million in The Mosaic Company $MOS

Public Employees Retirement System of Ohio acquired a new position in shares of The Mosaic Company (NYSE:MOS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 98,324 shares of the basic materials company’s stock, valued at approximately $2,083,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Mosaic in the second quarter worth about $524,484,000. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after buying an additional 832,914 shares during the last quarter. State Street Corp raised its stake in shares of Mosaic by 1.9% during the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after acquiring an additional 240,146 shares in the last quarter. Invesco Ltd. lifted its position in Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after acquiring an additional 2,653,969 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after acquiring an additional 63,822 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Insider Activity

In related news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

Mosaic Price Performance

Shares of MOS opened at $25.83 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The company’s fifty day moving average price is $22.72 and its 200-day moving average price is $23.90. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. The firm has a market capitalization of $8.21 billion, a PE ratio of -12.79, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83.

Mosaic (NYSE:MOS) last issued its 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities research analysts predict that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Announces Dividend

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

Wall Street Analyst Weigh In

MOS has been the topic of several analyst reports. UBS Group cut their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Wells Fargo & Company lowered their price objective on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Rothschild & Co Redburn started coverage on Mosaic in a research note on Friday, June 26th. They set a “buy” rating and a $30.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mosaic in a research report on Friday, August 7th. Finally, BNP Paribas Exane decreased their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Seven investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.17.

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.