The Mosaic Company (NYSE:MOS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its position in shares of The Mosaic Company (NYSE:MOS) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 72,034 shares of the basic materials company’s stock after selling 3,098 shares during the quarter. Retirement Systems of Alabama’s holdings in Mosaic were worth $2,574,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its holdings in Mosaic by 3.2% during the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after acquiring an additional 268,966 shares during the period. Northern Trust Corp grew its stake in shares of Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after purchasing an additional 424,063 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Mosaic by 5.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock worth $136,641,000 after purchasing an additional 186,337 shares in the last quarter. Deutsche Bank AG lifted its stake in Mosaic by 3.6% during the third quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock valued at $109,042,000 after purchasing an additional 107,011 shares during the last quarter. Finally, FMR LLC grew its position in Mosaic by 1.0% in the third quarter. FMR LLC now owns 2,550,619 shares of the basic materials company’s stock worth $90,802,000 after buying an additional 24,420 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of NYSE MOS opened at $29.89 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The Mosaic Company has a one year low of $27.83 and a one year high of $42.81. The business’s 50-day moving average price is $31.33 and its two-hundred day moving average price is $32.93. The company has a market capitalization of $9.62 billion, a P/E ratio of 12.72 and a beta of 1.51.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s quarterly revenue was down 25.7% compared to the same quarter last year. Analysts anticipate that The Mosaic Company will post 2.78 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm 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 dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Mosaic’s dividend payout ratio (DPR) is 35.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Mizuho dropped their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Piper Sandler decreased their target price on shares of Mosaic from $32.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday. Royal Bank of Canada cut their price target on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday. Finally, Wolfe Research began coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average target price of $38.57.

Mosaic 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.