Mosaic Co (NYSE:MOS) Shares Sold by New Mexico Educational Retirement Board

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New Mexico Educational Retirement Board lessened its holdings in Mosaic Co (NYSE:MOS) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,100 shares of the basic materials company’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Mosaic were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MOS. World Asset Management Inc raised its stake in shares of Mosaic by 1.4% in the second quarter. World Asset Management Inc now owns 30,468 shares of the basic materials company’s stock worth $763,000 after purchasing an additional 430 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Mosaic by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 53,888 shares of the basic materials company’s stock worth $1,472,000 after purchasing an additional 443 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Mosaic by 4.8% in the first quarter. Assenagon Asset Management S.A. now owns 10,900 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 500 shares during the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Mosaic by 2.1% in the first quarter. Tocqueville Asset Management L.P. now owns 24,475 shares of the basic materials company’s stock worth $668,000 after purchasing an additional 500 shares during the last quarter. Finally, Wellington Shields & Co. LLC raised its stake in shares of Mosaic by 4.4% in the first quarter. Wellington Shields & Co. LLC now owns 11,800 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 500 shares during the last quarter. 72.87% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on MOS shares. Zacks Investment Research cut Mosaic from a “hold” rating to a “strong sell” rating in a research note on Monday, May 20th. Morgan Stanley reduced their price objective on Mosaic from $36.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. Credit Suisse Group upgraded Mosaic from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $30.00 to $28.00 in a research note on Tuesday, May 7th. Citigroup upgraded Mosaic from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $31.00 in a research note on Wednesday, July 31st. Finally, CIBC cut Mosaic from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Mosaic currently has a consensus rating of “Hold” and an average price target of $31.40.

In other Mosaic news, Director Cheryl K. Beebe acquired 12,998 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now directly owns 23,704 shares of the company’s stock, valued at $455,353.84. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.51% of the stock is owned by insiders.

MOS stock traded down $0.02 during trading on Wednesday, hitting $17.64. 468,513 shares of the company traded hands, compared to its average volume of 6,132,875. The stock’s 50-day simple moving average is $22.26 and its 200 day simple moving average is $25.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.60. The company has a market cap of $6.71 billion, a PE ratio of 8.32, a P/E/G ratio of 2.21 and a beta of 1.56. Mosaic Co has a 1 year low of $17.65 and a 1 year high of $37.37.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Research analysts expect that Mosaic Co will post 1.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, September 4th. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.

Mosaic Company 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 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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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