State Board of Administration of Florida Retirement System boosted its stake in Mosaic Co (NYSE:MOS) by 0.2% in the first quarter, Holdings Channel reports. The institutional investor owned 508,102 shares of the basic materials company’s stock after buying an additional 1,050 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Mosaic were worth $13,876,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in Mosaic by 15,370.1% in the 4th quarter. Meeder Asset Management Inc. now owns 43,935 shares of the basic materials company’s stock valued at $1,281,000 after purchasing an additional 43,651 shares during the period. State of Alaska Department of Revenue grew its stake in Mosaic by 7.1% in the 1st quarter. State of Alaska Department of Revenue now owns 103,498 shares of the basic materials company’s stock valued at $2,825,000 after purchasing an additional 6,859 shares during the period. Sigma Planning Corp grew its stake in Mosaic by 9.2% in the 4th quarter. Sigma Planning Corp now owns 8,642 shares of the basic materials company’s stock valued at $252,000 after purchasing an additional 725 shares during the period. DNB Asset Management AS grew its stake in Mosaic by 118.3% in the 4th quarter. DNB Asset Management AS now owns 101,318 shares of the basic materials company’s stock valued at $2,959,000 after purchasing an additional 54,908 shares during the period. Finally, Millennium Management LLC grew its stake in Mosaic by 439.3% in the 4th quarter. Millennium Management LLC now owns 3,744,249 shares of the basic materials company’s stock valued at $109,370,000 after purchasing an additional 3,049,952 shares during the period. 78.88% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Clint Freeland bought 4,250 shares of the business’s stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $23.60 per share, for a total transaction of $100,300.00. Following the purchase, the chief financial officer now directly owns 4,250 shares in the company, valued at $100,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emery N. Koenig bought 2,089 shares of the business’s stock in a transaction on Friday, May 10th. The stock was bought at an average price of $23.95 per share, with a total value of $50,031.55. Following the purchase, the director now owns 25,244 shares in the company, valued at $604,593.80. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,339 shares of company stock valued at $414,182. 0.51% of the stock is owned by corporate insiders.
A number of research analysts have issued reports on MOS shares. ValuEngine downgraded Mosaic from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. UBS Group cut their price target on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Citigroup cut their price target on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 27th. Cleveland Research downgraded Mosaic from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $33.13.
NYSE MOS traded down $0.02 during trading hours on Friday, hitting $23.14. The company had a trading volume of 74,515 shares, compared to its average volume of 4,875,031. Mosaic Co has a 52 week low of $22.55 and a 52 week high of $37.37. The company has a quick ratio of 0.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.42. The company has a market cap of $8.80 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.00 and a beta of 1.42.
Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Mosaic Co will post 1.63 EPS for the current year.
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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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