Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Mosaic Co (NYSE:MOS) by 91.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,462 shares of the basic materials company’s stock after purchasing an additional 40,277 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mosaic were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MOS. YorkBridge Wealth Partners LLC increased its stake in Mosaic by 13,636.4% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 6,000 shares during the period. Pacer Advisors Inc. increased its stake in Mosaic by 8.7% during the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 587 shares during the period. Greenwood Capital Associates LLC increased its stake in Mosaic by 30.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 2,210 shares during the period. Westover Capital Advisors LLC bought a new position in Mosaic during the 2nd quarter worth $218,000. Finally, Beach Investment Management LLC. bought a new position in Mosaic during the 2nd quarter worth $228,000. Institutional investors own 76.93% of the company’s stock.
Shares of Mosaic Co (NYSE MOS) opened at $24.28 on Friday. The firm has a market capitalization of $8,523.47, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31. Mosaic Co has a twelve month low of $19.23 and a twelve month high of $34.36. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Wednesday, December 6th. Mosaic’s dividend payout ratio (DPR) is 62.50%.
A number of research firms have commented on MOS. Cowen raised their price objective on Mosaic from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, November 14th. Citigroup raised their price objective on Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets raised their target price on Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, November 1st. Finally, Cleveland Research raised Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.91.
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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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