The Mosaic Company $MOS Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in The Mosaic Company (NYSE:MOS) by 36.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,383 shares of the basic materials company’s stock after purchasing an additional 27,567 shares during the quarter. Teacher Retirement System of Texas’ holdings in Mosaic were worth $3,771,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. increased its position in Mosaic by 12.8% in the 1st quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 2,663 shares during the period. Core Alternative Capital grew its stake in shares of Mosaic by 162.0% in the 1st quarter. Core Alternative Capital now owns 164,512 shares of the basic materials company’s stock valued at $4,443,000 after purchasing an additional 101,713 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Mosaic in the first quarter valued at approximately $16,455,000. Hourglass Capital LLC raised its stake in shares of Mosaic by 30.9% during the first quarter. Hourglass Capital LLC now owns 55,100 shares of the basic materials company’s stock worth $1,488,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Flossbach Von Storch SE acquired a new stake in shares of Mosaic during the first quarter worth $202,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MOS. Wall Street Zen cut shares of Mosaic from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Zacks Research lowered shares of Mosaic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Mizuho set a $34.00 price target on shares of Mosaic in a report on Monday, October 20th. Barclays lowered their price objective on Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.23.

Mosaic Stock Down 1.0%

MOS stock opened at $27.45 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $32.45 and its 200 day moving average price is $33.54. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a market cap of $8.71 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.94 and a beta of 1.00.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 3.2%. Mosaic’s payout ratio is currently 29.83%.

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 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.