Public Employees Retirement System of Ohio lessened its stake in Mosaic Co (NYSE:MOS) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,543 shares of the basic materials company’s stock after selling 4,691 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mosaic were worth $3,164,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC lifted its holdings in shares of Mosaic by 13,636.4% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 6,000 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Mosaic by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 587 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Mosaic by 30.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 2,210 shares during the last quarter. Westover Capital Advisors LLC bought a new stake in shares of Mosaic in the 2nd quarter worth approximately $218,000. Finally, Koch Industries Inc. bought a new stake in shares of Mosaic in the 2nd quarter worth approximately $225,000. 76.77% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on MOS. Piper Jaffray Companies set a $23.00 price target on shares of Mosaic and gave the company a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered shares of Mosaic from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Scotiabank upgraded shares of Mosaic from an “underperform” rating to a “sector perform” rating in a report on Wednesday, November 1st. BMO Capital Markets upped their price target on shares of Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, November 1st. Finally, began coverage on shares of Mosaic in a report on Wednesday, October 11th. They set a “buy” rating and a $24.80 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.68.
Mosaic Co (NYSE:MOS) opened at $27.22 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90. Mosaic Co has a 1-year low of $19.23 and a 1-year high of $34.36. The company has a market cap of $9,560.00, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.67 and a beta of 1.31.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. sell-side analysts predict that Mosaic Co will post 1.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, February 28th. Mosaic’s dividend payout ratio is presently 10.53%.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.