California State Teachers Retirement System lifted its holdings in shares of Mosaic Co (NYSE:MOS) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 587,637 shares of the basic materials company’s stock after acquiring an additional 3,660 shares during the quarter. California State Teachers Retirement System’s holdings in Mosaic were worth $12,047,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Boston Partners increased its position in shares of Mosaic by 19.1% during the 3rd quarter. Boston Partners now owns 20,566,942 shares of the basic materials company’s stock valued at $421,643,000 after purchasing an additional 3,296,438 shares during the last quarter. State Street Corp increased its holdings in Mosaic by 2.7% during the third quarter. State Street Corp now owns 20,103,438 shares of the basic materials company’s stock worth $412,120,000 after buying an additional 521,591 shares during the last quarter. Northern Trust Corp increased its holdings in Mosaic by 1.3% during the second quarter. Northern Trust Corp now owns 7,172,982 shares of the basic materials company’s stock worth $179,539,000 after buying an additional 90,566 shares during the last quarter. Nuveen Asset Management LLC raised its position in Mosaic by 73,897.0% in the second quarter. Nuveen Asset Management LLC now owns 6,286,041 shares of the basic materials company’s stock worth $157,339,000 after acquiring an additional 6,277,546 shares during the period. Finally, Janus Henderson Group PLC raised its position in Mosaic by 25.3% in the second quarter. Janus Henderson Group PLC now owns 4,062,787 shares of the basic materials company’s stock worth $101,696,000 after acquiring an additional 819,204 shares during the period. Institutional investors and hedge funds own 74.22% of the company’s stock.
In other Mosaic news, Director William T. Monahan bought 2,360 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $21.15 per share, for a total transaction of $49,914.00. Following the purchase, the director now directly owns 39,235 shares of the company’s stock, valued at $829,820.25. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.51% of the stock is owned by insiders.
Mosaic (NYSE:MOS) last released 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). Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts predict that Mosaic Co will post 0.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, December 4th. Mosaic’s payout ratio is 9.43%.
Several research firms recently commented on MOS. Consumer Edge started coverage on Mosaic in a research note on Monday, September 23rd. They issued an “equal weight” rating and a $22.00 price objective on the stock. BMO Capital Markets set a $27.00 target price on Mosaic and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Cfra restated a “buy” rating and issued a $26.00 target price on shares of Mosaic in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut Mosaic from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Wednesday, November 13th. Finally, Cowen cut their price target on Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.63.
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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