New York State Teachers Retirement System Grows Stock Holdings in The Mosaic Company $MOS

New York State Teachers Retirement System lifted its position in The Mosaic Company (NYSE:MOS) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 290,502 shares of the basic materials company’s stock after buying an additional 29,609 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Mosaic worth $10,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MOS. Forum Financial Management LP increased its stake in Mosaic by 44.7% during the third quarter. Forum Financial Management LP now owns 13,641 shares of the basic materials company’s stock worth $473,000 after purchasing an additional 4,215 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Mosaic by 32.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 36,304 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 8,958 shares in the last quarter. Abbington Investment Group purchased a new stake in Mosaic during the 3rd quarter worth approximately $2,167,000. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Mosaic by 16.3% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 10,738 shares of the basic materials company’s stock worth $373,000 after buying an additional 1,505 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Mosaic by 61.1% during the 3rd quarter. SG Americas Securities LLC now owns 84,992 shares of the basic materials company’s stock worth $2,948,000 after buying an additional 32,232 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Up 5.5%

NYSE:MOS opened at $27.64 on Thursday. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The stock has a market cap of $8.77 billion, a P/E ratio of 7.16, a P/E/G ratio of 1.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The stock has a 50-day simple moving average of $24.72 and a 200-day simple moving average of $30.35.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. As a group, analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is currently 22.80%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MOS. Morgan Stanley upped their price objective on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Royal Bank Of Canada set a $27.00 price target on Mosaic in a research report on Wednesday, December 10th. Bank of America decreased their price objective on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.73.

About Mosaic

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.