Texas Permanent School Fund Buys 1,039 Shares of The Mosaic Company (NYSE:MOS)

Texas Permanent School Fund raised its position in shares of The Mosaic Company (NYSE:MOSGet Rating) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,853 shares of the basic materials company’s stock after acquiring an additional 1,039 shares during the period. Texas Permanent School Fund’s holdings in Mosaic were worth $2,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MOS. Raymond James & Associates grew its holdings in Mosaic by 49.4% in the 3rd quarter. Raymond James & Associates now owns 166,229 shares of the basic materials company’s stock valued at $8,034,000 after buying an additional 54,952 shares in the last quarter. AE Wealth Management LLC bought a new position in Mosaic during the third quarter worth about $1,190,000. J.P. Marvel Investment Advisors LLC raised its stake in Mosaic by 37.2% in the 3rd quarter. J.P. Marvel Investment Advisors LLC now owns 56,442 shares of the basic materials company’s stock worth $2,728,000 after purchasing an additional 15,305 shares in the last quarter. City State Bank boosted its holdings in Mosaic by 6.2% in the 3rd quarter. City State Bank now owns 10,235 shares of the basic materials company’s stock valued at $495,000 after purchasing an additional 600 shares during the period. Finally, Xponance Inc. grew its position in shares of Mosaic by 12.0% during the 3rd quarter. Xponance Inc. now owns 40,011 shares of the basic materials company’s stock worth $1,934,000 after purchasing an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MOS shares. StockNews.com started coverage on Mosaic in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. JPMorgan Chase & Co. decreased their price target on Mosaic from $75.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. Citigroup upped their price objective on shares of Mosaic to $61.00 in a research report on Tuesday, November 15th. Piper Sandler decreased their target price on shares of Mosaic from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, November 22nd. Finally, Royal Bank of Canada cut their price target on shares of Mosaic from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Thursday, November 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.93.

Mosaic Price Performance

Mosaic stock opened at $46.73 on Monday. The company has a market capitalization of $15.91 billion, a PE ratio of 4.57, a P/E/G ratio of 0.68 and a beta of 1.53. The company has a current ratio of 1.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $48.18 and a two-hundred day moving average price of $50.21. The Mosaic Company has a 12 month low of $37.08 and a 12 month high of $79.28.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Thursday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Mosaic’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 1st. Mosaic’s payout ratio is presently 5.87%.

Mosaic Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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