Gilliland Jeter Wealth Management LLC Makes New Investment in The Mosaic Company (NYSE:MOS)

Gilliland Jeter Wealth Management LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,950 shares of the basic materials company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Mosaic by 5.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,435,687 shares of the basic materials company’s stock worth $51,297,000 after buying an additional 72,220 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Mosaic during the fourth quarter worth $317,000. Alaska Permanent Fund Corp grew its stake 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 worth $2,401,000 after buying an additional 692 shares during the last quarter. Glenorchy Capital Ltd bought a new stake in shares of Mosaic during the fourth quarter worth $1,760,000. Finally, GAMMA Investing LLC bought a new stake in shares of Mosaic during the fourth quarter worth $105,000. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a report on Thursday, February 22nd. Finally, Mizuho lowered shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $40.27.

Mosaic Stock Down 0.1 %

Shares of NYSE MOS traded down $0.03 during trading on Friday, hitting $30.25. 2,670,272 shares of the company traded hands, compared to its average volume of 3,632,738. The business’s fifty day moving average is $31.52 and its 200 day moving average is $33.30. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $43.99. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 1.55 and a beta of 1.50. 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 quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share 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 company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company posted $1.74 EPS. Mosaic’s revenue for the quarter was down 29.7% on a year-over-year basis. Equities research analysts predict that The Mosaic Company will post 2.79 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.78%. Mosaic’s dividend payout ratio is currently 24.07%.

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.