Virginia Retirement Systems ET AL Acquires Shares of 27,600 Mosaic Co. (MOS)
Virginia Retirement Systems ET AL acquired a new position in shares of Mosaic Co. (NYSE:MOS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 27,600 shares of the company’s stock, valued at approximately $723,000.
A number of other large investors have also recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in shares of Mosaic by 8.3% in the first quarter. Legal & General Group Plc now owns 1,689,610 shares of the company’s stock worth $45,631,000 after buying an additional 129,090 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Mosaic by 28.2% in the second quarter. Alps Advisors Inc. now owns 975,408 shares of the company’s stock worth $25,536,000 after buying an additional 214,324 shares during the last quarter. Strs Ohio increased its stake in shares of Mosaic by 10.2% in the second quarter. Strs Ohio now owns 900,811 shares of the company’s stock worth $23,583,000 after buying an additional 83,355 shares during the last quarter. IBM Retirement Fund increased its stake in shares of Mosaic by 1.3% in the second quarter. IBM Retirement Fund now owns 41,486 shares of the company’s stock worth $1,134,000 after buying an additional 525 shares during the last quarter. Finally, Quantum Capital Management increased its stake in shares of Mosaic by 138.0% in the first quarter. Quantum Capital Management now owns 20,043 shares of the company’s stock worth $541,000 after buying an additional 11,622 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.
Mosaic Co. (NYSE:MOS) opened at 24.89 on Tuesday. Mosaic Co. has a one year low of $22.02 and a one year high of $36.95. The firm has a 50 day moving average of $27.01 and a 200-day moving average of $26.98. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 15.68 and a beta of 1.39.
Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.12 by $0.06. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s revenue for the quarter was down 32.7% on a year-over-year basis. Equities research analysts forecast that Mosaic Co. will post $0.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.42%. The ex-dividend date was Tuesday, September 6th. Mosaic’s dividend payout ratio is presently 69.18%.
A number of research firms have recently issued reports on MOS. Credit Suisse Group AG reiterated a “sell” rating and set a $21.00 price target on shares of Mosaic in a research report on Wednesday, August 31st. Morgan Stanley reiterated a “hold” rating on shares of Mosaic in a research report on Thursday, June 16th. Vertical Research downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Vetr downgraded shares of Mosaic from a “buy” rating to a “sell” rating and set a $24.50 price target for the company. in a research report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. set a $24.00 price target on shares of Mosaic and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €28.75 ($31.94).
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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