Retirement Systems of Alabama increased its stake in Mosaic Company (The) (NYSE:MOS) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,192 shares of the basic materials company’s stock after buying an additional 914 shares during the period. Retirement Systems of Alabama’s holdings in Mosaic Company (The) were worth $3,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning raised its position in Mosaic Company (The) by 65.0% in the first quarter. Creative Planning now owns 10,072 shares of the basic materials company’s stock valued at $294,000 after buying an additional 3,968 shares during the last quarter. Capstone Asset Management Co. raised its position in Mosaic Company (The) by 6.4% in the first quarter. Capstone Asset Management Co. now owns 49,985 shares of the basic materials company’s stock valued at $1,459,000 after buying an additional 3,020 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Mosaic Company (The) during the first quarter valued at approximately $406,000. DnB Asset Management AS raised its position in Mosaic Company (The) by 46.1% in the first quarter. DnB Asset Management AS now owns 45,010 shares of the basic materials company’s stock valued at $1,313,000 after buying an additional 14,200 shares during the last quarter. Finally, Huntington National Bank raised its position in Mosaic Company (The) by 19.3% in the first quarter. Huntington National Bank now owns 38,910 shares of the basic materials company’s stock valued at $1,136,000 after buying an additional 6,283 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.

Mosaic Company (NYSE MOS) opened at 19.86 on Monday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 47.29 and a beta of 1.24. The stock has a 50 day moving average price of $22.72 and a 200-day moving average price of $26.00. Mosaic Company has a one year low of $19.59 and a one year high of $34.36.

Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Mosaic Company will post $1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, September 6th. Mosaic Company (The)’s dividend payout ratio (DPR) is currently 142.86%.

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Several research analysts have recently commented on MOS shares. Credit Suisse Group reissued a “sell” rating and issued a $19.00 price target on shares of Mosaic Company (The) in a research report on Friday, May 5th. BMO Capital Markets set a $26.00 price target on Mosaic Company (The) and gave the stock a “hold” rating in a research report on Saturday, May 6th. Atlantic Securities raised Mosaic Company (The) from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Tuesday, May 9th. Royal Bank Of Canada set a $26.00 price target on Mosaic Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 10th. Finally, BidaskClub raised Mosaic Company (The) from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Mosaic Company (The) currently has an average rating of “Hold” and an average price target of $25.15.

Mosaic Company (The) 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.

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

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