California State Teachers Retirement System Purchases 7,497 Shares of The Mosaic Company (NYSE:MOS)

California State Teachers Retirement System boosted its position in The Mosaic Company (NYSE:MOS) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,032 shares of the basic materials company’s stock after buying an additional 7,497 shares during the quarter. California State Teachers Retirement System’s holdings in Mosaic were worth $18,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after purchasing an additional 10,124,427 shares during the last quarter. Norges Bank purchased a new stake in Mosaic during the fourth quarter valued at about $107,893,000. Vanguard Group Inc. grew its stake in shares of Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after buying an additional 1,893,797 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Mosaic by 88.7% in the first quarter. Donald Smith & CO. Inc. now owns 1,128,034 shares of the basic materials company’s stock worth $36,616,000 after buying an additional 530,325 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Mosaic by 331.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 639,033 shares of the basic materials company’s stock valued at $20,743,000 after acquiring an additional 490,837 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 1.7 %

Mosaic stock traded down $0.51 during trading hours on Thursday, hitting $29.26. The stock had a trading volume of 223,149 shares, compared to its average volume of 4,543,735. The stock has a market capitalization of $9.41 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 1.63 and a beta of 1.41. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12-month low of $26.54 and a 12-month high of $42.81. The stock’s 50-day moving average price is $28.86 and its 200-day moving average price is $30.35.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was down 25.7% compared to the same quarter last year. Equities research analysts anticipate that The Mosaic Company will post 2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

MOS has been the topic of a number of analyst reports. Scotiabank decreased their price target on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 6th. Mizuho cut their price target on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Royal Bank of Canada lowered their price objective on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Monday, July 15th. Barclays reduced their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Finally, Piper Sandler dropped their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.43.

About Mosaic

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.