The Mosaic Company (NYSE:MOS) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,191 shares of the basic materials company’s stock after selling 5,789 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mosaic were worth $3,112,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MOS. Blue Trust Inc. increased its holdings in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Mosaic during the second quarter worth about $46,000. Kimelman & Baird LLC purchased a new position in shares of Mosaic in the 2nd quarter worth about $49,000. Larson Financial Group LLC lifted its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $25.84 on Tuesday. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.21 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The stock has a 50 day moving average of $26.45 and a 200-day moving average of $27.31.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. On average, analysts expect that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio is presently 74.34%.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Oppenheimer started coverage on Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Barclays decreased their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company dropped their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.40.

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.