The Mosaic Company (NYSE:MOS) Stock Holdings Increased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of The Mosaic Company (NYSE:MOS) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,435,687 shares of the basic materials company’s stock after purchasing an additional 72,220 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.44% of Mosaic worth $51,297,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in shares of Mosaic during the fourth quarter valued at approximately $317,000. Alaska Permanent Fund Corp grew its holdings in shares of Mosaic by 1.0% during the fourth quarter. Alaska Permanent Fund Corp now owns 67,192 shares of the basic materials company’s stock valued at $2,401,000 after purchasing an additional 692 shares during the last quarter. Glenorchy Capital Ltd bought a new position in shares of Mosaic during the fourth quarter valued at approximately $1,760,000. GAMMA Investing LLC bought a new position in shares of Mosaic during the fourth quarter valued at approximately $105,000. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Mosaic by 52.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 220,135 shares of the basic materials company’s stock valued at $7,865,000 after purchasing an additional 76,155 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Price Performance

Shares of NYSE MOS traded down $0.21 during trading on Thursday, hitting $30.28. The company had a trading volume of 4,565,106 shares, compared to its average volume of 4,860,460. The company has a market cap of $9.74 billion, a P/E ratio of 8.68, a PEG ratio of 1.56 and a beta of 1.50. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $43.99. The business’s 50-day moving average is $31.52 and its 200 day moving average is $33.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22.

Mosaic (NYSE:MOS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $1.74 earnings per share. Mosaic’s revenue for the quarter was down 29.7% compared to the same quarter last year. Equities research analysts predict that The Mosaic Company will post 2.79 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is currently 24.07%.

Analyst Ratings Changes

MOS has been the subject of several analyst reports. Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. TheStreet downgraded Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their target price on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Mizuho downgraded Mosaic from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price for the company in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.27.

About Mosaic

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.