Teachers Retirement System of The State of Kentucky Sells 2,708 Shares of The Mosaic Company (NYSE:MOS)

Teachers Retirement System of The State of Kentucky lessened its holdings in The Mosaic Company (NYSE:MOS) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,674 shares of the basic materials company’s stock after selling 2,708 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mosaic were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP raised its position in shares of Mosaic by 131.4% in the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock valued at $1,124,000 after purchasing an additional 22,084 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares during the last quarter. Swedbank AB grew its stake in Mosaic by 2.3% in the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after buying an additional 28,816 shares during the last quarter. Herr Investment Group LLC raised its holdings in Mosaic by 1,318.7% in the 2nd quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock valued at $9,601,000 after acquiring an additional 308,792 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Mosaic during the third quarter worth approximately $1,251,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $24.28 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.71 billion, a PE ratio of 21.49, a PEG ratio of 1.85 and a beta of 1.34. The firm has a 50 day moving average of $26.43 and a 200-day moving average of $27.22. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, equities research analysts predict that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. CIBC began coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Oppenheimer started coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Wells Fargo & Company decreased their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Finally, Barclays dropped their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.40.

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.