Great Lakes Advisors LLC Acquires Shares of 166,749 The Mosaic Company $MOS

Great Lakes Advisors LLC acquired a new position in The Mosaic Company (NYSE:MOS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 166,749 shares of the basic materials company’s stock, valued at approximately $5,783,000.

A number of other large investors have also recently modified their holdings of MOS. First Horizon Advisors Inc. raised its stake in Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 601 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Rexford Capital Inc. bought a new position in shares of Mosaic in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC lifted its stake in shares of Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the period. Institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MOS shares. BNP Paribas Exane reduced their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Scotiabank boosted their target price on shares of Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Wolfe Research decreased their price target on shares of Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Oppenheimer set a $35.00 price objective on shares of Mosaic in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Performance

Shares of Mosaic stock opened at $28.02 on Friday. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The firm’s 50-day moving average is $25.28 and its 200 day moving average is $29.68. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is presently 22.80%.

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.