Mosaic Co (MOS) Shares Bought by New York State Common Retirement Fund
New York State Common Retirement Fund raised its position in Mosaic Co (NYSE:MOS) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 744,300 shares of the basic materials company’s stock after buying an additional 18,500 shares during the period. New York State Common Retirement Fund owned about 0.21% of Mosaic worth $16,069,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its holdings in Mosaic by 13,636.4% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock worth $130,000 after buying an additional 6,000 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Mosaic by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after buying an additional 587 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in Mosaic by 30.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock worth $216,000 after buying an additional 2,210 shares during the last quarter. Westover Capital Advisors LLC acquired a new stake in Mosaic in the 2nd quarter worth about $218,000. Finally, Beach Investment Management LLC. acquired a new stake in Mosaic in the 2nd quarter worth about $228,000. Institutional investors own 76.93% of the company’s stock.
MOS has been the topic of a number of research reports. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $24.00 target price on shares of Mosaic in a research note on Thursday, October 12th. BMO Capital Markets reissued a “market perform” rating and issued a $25.00 target price (up from $23.00) on shares of Mosaic in a research note on Friday, October 6th. Citigroup raised their target price on shares of Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Scotiabank raised shares of Mosaic from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.07.
Mosaic Co (NYSE MOS) opened at $24.92 on Friday. The firm has a market cap of $8,741.12, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37. Mosaic Co has a 12 month low of $19.23 and a 12 month high of $34.36.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. sell-side analysts predict that Mosaic Co will post 1.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, February 28th. Mosaic’s payout ratio is presently 10.42%.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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