Gilliland Jeter Wealth Management LLC Invests $248,000 in The Mosaic Company (NYSE:MOS)

Gilliland Jeter Wealth Management LLC bought a new position in The Mosaic Company (NYSE:MOS) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 6,950 shares of the basic materials company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MOS. SG Americas Securities LLC lifted its position in shares of Mosaic by 95.0% in the 3rd quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock worth $1,504,000 after purchasing an additional 20,585 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares during the period. Czech National Bank lifted its position in shares of Mosaic by 47.9% in the 3rd quarter. Czech National Bank now owns 58,186 shares of the basic materials company’s stock worth $2,071,000 after purchasing an additional 18,848 shares during the period. Simplicity Solutions LLC lifted its position in shares of Mosaic by 1.8% in the 3rd quarter. Simplicity Solutions LLC now owns 59,706 shares of the basic materials company’s stock worth $2,126,000 after purchasing an additional 1,047 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of Mosaic by 16.7% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 36,789 shares of the basic materials company’s stock worth $1,310,000 after purchasing an additional 5,255 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MOS shares. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Wells Fargo & Company lifted their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Wolfe Research started coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Finally, Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.27.

Mosaic Stock Down 0.1 %

NYSE:MOS traded down $0.03 on Friday, reaching $30.25. 2,670,272 shares of the stock traded hands, compared to its average volume of 3,632,738. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.55 and a beta of 1.50. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12 month low of $29.25 and a 12 month high of $43.99. The company’s fifty day simple moving average is $31.52 and its 200 day simple moving average is $33.30.

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

Mosaic Dividend Announcement

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

Mosaic Company 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.