South Dakota Investment Council Has $580,000 Position in The Mosaic Company $MOS

South Dakota Investment Council cut its position in The Mosaic Company (NYSE:MOS) by 51.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 22,748 shares of the basic materials company’s stock after selling 24,200 shares during the period. South Dakota Investment Council’s holdings in Mosaic were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Mosaic in the first quarter valued at about $201,000. Empowered Funds LLC increased its position in Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 34,151 shares during the period. Woodline Partners LP increased its position in Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after acquiring an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $22.10 on Friday. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 170.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The company’s 50 day simple moving average is $22.19 and its 200 day simple moving average is $24.77.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts predict that The Mosaic Company will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MOS. BNP Paribas Exane cut their price objective on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. BMO Capital Markets cut their price target on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Rothschild & Co Redburn started coverage on Mosaic in a research note on Friday, June 26th. They set a “buy” rating and a $30.00 price objective on the stock. HSBC cut their target price on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. Finally, Barclays reduced their target price on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus target price of $27.11.

About Mosaic

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.