State of Alaska Department of Revenue Has $1.30 Million Stake in The Mosaic Company $MOS

State of Alaska Department of Revenue trimmed its stake in The Mosaic Company (NYSE:MOS) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,624 shares of the basic materials company’s stock after selling 1,585 shares during the period. State of Alaska Department of Revenue’s holdings in Mosaic were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MOS. Boston Partners increased its holdings in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock valued at $215,540,000 after purchasing an additional 2,368,094 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Mosaic in the first quarter valued at $54,953,000. GMT Capital Corp acquired a new stake in Mosaic in the first quarter valued at $47,211,000. Nuveen LLC acquired a new stake in Mosaic in the first quarter valued at $33,897,000. Finally, Victory Capital Management Inc. boosted its position in Mosaic by 606.2% during the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company’s stock valued at $37,526,000 after acquiring an additional 1,192,602 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

MOS stock opened at $34.52 on Friday. The stock has a market capitalization of $10.95 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The company’s 50-day moving average is $33.65 and its 200-day moving average is $32.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the company earned $0.54 EPS. Mosaic’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 8th. Mosaic’s dividend payout ratio is currently 29.83%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mosaic in a research report on Monday, July 14th. Oppenheimer reaffirmed an “outperform” rating and set a $43.00 price target (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mosaic in a research report on Saturday, September 27th. Zacks Research raised shares of Mosaic from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and a consensus price target of $36.42.

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.