California State Teachers Retirement System grew its position in Mosaic Co (NYSE:MOS) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 587,637 shares of the basic materials company’s stock after purchasing an additional 3,660 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Mosaic worth $12,047,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MOS. Commonwealth Equity Services LLC boosted its stake in Mosaic by 97.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,400 shares of the basic materials company’s stock valued at $485,000 after purchasing an additional 9,595 shares during the period. Squar Milner Financial Services LLC grew its stake in shares of Mosaic by 1,452.1% in the second quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,757 shares in the last quarter. Strs Ohio increased its position in Mosaic by 506.0% during the second quarter. Strs Ohio now owns 502,682 shares of the basic materials company’s stock worth $12,582,000 after acquiring an additional 419,731 shares during the period. Northpointe Capital LLC increased its position in Mosaic by 16.3% during the second quarter. Northpointe Capital LLC now owns 131,459 shares of the basic materials company’s stock worth $3,290,000 after acquiring an additional 18,453 shares during the period. Finally, SG Americas Securities LLC raised its stake in Mosaic by 105.1% in the 2nd quarter. SG Americas Securities LLC now owns 70,759 shares of the basic materials company’s stock worth $1,771,000 after purchasing an additional 36,263 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on MOS. BMO Capital Markets set a $27.00 target price on shares of Mosaic and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Consumer Edge assumed coverage on Mosaic in a research note on Monday, September 23rd. They issued an “equal weight” rating and a $22.00 price target for the company. Stifel Nicolaus reduced their price target on Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, October 4th. Royal Bank of Canada cut their target price on Mosaic from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, September 27th. They noted that the move was a valuation call. Finally, CIBC reissued a “buy” rating and set a $25.00 target price on shares of Mosaic in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.63.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.67 billion. Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. Mosaic’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. On average, equities analysts predict that Mosaic Co will post 0.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, December 4th. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.
In related news, Director William T. Monahan bought 2,360 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the transaction, the director now directly owns 39,235 shares of the company’s stock, valued at approximately $829,820.25. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.
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 International Distribution. 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.
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