New York State Teachers Retirement System Has $6.55 Million Stock Holdings in The Mosaic Company $MOS

New York State Teachers Retirement System reduced its position in shares of The Mosaic Company (NYSE:MOS) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,929 shares of the basic materials company’s stock after selling 30,518 shares during the period. New York State Teachers Retirement System owned about 0.08% of Mosaic worth $6,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MOS. Private Advisor Group LLC bought a new stake in Mosaic during the 1st quarter worth approximately $389,000. Leonteq Securities AG lifted its holdings in shares of Mosaic by 16.5% during the first quarter. Leonteq Securities AG now owns 103,268 shares of the basic materials company’s stock worth $2,633,000 after purchasing an additional 14,596 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its holdings in shares of Mosaic by 55.9% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 112,349 shares of the basic materials company’s stock worth $2,865,000 after purchasing an additional 40,303 shares during the period. Keybank National Association OH grew its stake in shares of Mosaic by 4.0% in the first quarter. Keybank National Association OH now owns 63,097 shares of the basic materials company’s stock worth $1,609,000 after purchasing an additional 2,435 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in Mosaic by 291.2% in the first quarter. Root Financial Partners LLC now owns 3,407 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 2,536 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MOS. The Goldman Sachs Group cut their target price on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. BMO Capital Markets decreased their target price on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn initiated coverage on shares of Mosaic in a report on Friday, June 26th. They set a “buy” rating and a $30.00 price target for the company. Finally, Freedom Capital raised shares of Mosaic from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.11.

Mosaic Price Performance

Shares of MOS opened at $21.16 on Wednesday. The business’s fifty day moving average is $22.28 and its 200 day moving average is $25.06. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $38.23. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.72 billion, a P/E ratio of 162.74, a P/E/G ratio of 2.52 and a beta of 0.82.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts anticipate that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.