State Board of Administration of Florida Retirement System lowered its holdings in The Mosaic Company (NYSE:MOS – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,549 shares of the basic materials company’s stock after selling 3,720 shares during the period. State Board of Administration of Florida Retirement System owned 0.12% of Mosaic worth $18,449,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Connectus Wealth LLC acquired a new stake in Mosaic in the 4th quarter worth about $2,775,000. Toronto Dominion Bank boosted its position in shares of Mosaic by 206.9% in the fourth quarter. Toronto Dominion Bank now owns 471,706 shares of the basic materials company’s stock worth $20,682,000 after acquiring an additional 317,983 shares during the last quarter. AlphaCentric Advisors LLC grew its holdings in Mosaic by 30.5% in the fourth quarter. AlphaCentric Advisors LLC now owns 7,358 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 1,718 shares during the period. Fox Run Management L.L.C. purchased a new stake in Mosaic in the fourth quarter valued at approximately $293,000. Finally, Commonwealth Equity Services LLC increased its position in Mosaic by 32.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,330 shares of the basic materials company’s stock worth $4,094,000 after purchasing an additional 22,820 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MOS has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on shares of Mosaic from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Mizuho cut their price objective on Mosaic from $54.00 to $50.00 in a report on Friday. Wells Fargo & Company assumed coverage on Mosaic in a research note on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 price objective on the stock. StockNews.com assumed coverage on shares of Mosaic in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, UBS Group raised their price target on shares of Mosaic from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price of $55.27.
Mosaic Stock Up 1.3 %
Mosaic (NYSE:MOS – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.14). The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Mosaic had a return on equity of 28.64% and a net margin of 15.08%. Mosaic’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 6.28 EPS for the current fiscal year.
Mosaic Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. Mosaic’s dividend payout ratio (DPR) is 12.39%.
About Mosaic
The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment is involved in the ownership and operation of mines and production facilities which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants which produce concentrated phosphate crop nutrients.
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