The Mosaic Company (NYSE:MOS) Shares Sold by Retirement Systems of Alabama

Posted by on Jul 27th, 2023

Retirement Systems of Alabama lessened its stake in The Mosaic Company (NYSE:MOS – Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,636 shares of the basic materials company’s stock after selling 8,441 shares during the quarter. Retirement Systems of Alabama’s holdings in Mosaic were worth $4,617,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP bought a new position in shares of Mosaic during the first quarter valued at approximately $13,300,000. Sei Investments Co. raised its holdings in shares of Mosaic by 7.2% during the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock valued at $12,614,000 after buying an additional 12,679 shares during the last quarter. Cetera Investment Advisers grew its holdings in Mosaic by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock worth $1,366,000 after buying an additional 1,507 shares in the last quarter. National Pension Service acquired a new stake in Mosaic in the 1st quarter valued at approximately $30,360,000. Finally, Baird Financial Group Inc. raised its stake in Mosaic by 55.4% during the 1st quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock valued at $20,749,000 after acquiring an additional 111,236 shares in the last quarter. 87.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MOS. Royal Bank of Canada dropped their target price on Mosaic from $50.00 to $45.00 and set a “sector perform” rating on the stock in a report on Monday, May 8th. BMO Capital Markets dropped their price target on shares of Mosaic from $65.00 to $55.00 in a research note on Friday, May 5th. StockNews.com assumed coverage on shares of Mosaic in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Berenberg Bank reduced their price target on Mosaic from $47.00 to $38.00 in a research report on Tuesday, May 16th. Finally, Bank of America lowered their price objective on Mosaic from $60.00 to $50.00 in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.35.

Mosaic Price Performance

Shares of MOS opened at $40.47 on Thursday. The company’s fifty day simple moving average is $35.35 and its 200 day simple moving average is $42.70. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 1.39 and a beta of 1.50. The company has a current ratio of 1.13, a quick ratio of 0.49 and a debt-to-equity ratio of 0.20. The Mosaic Company has a 1-year low of $31.44 and a 1-year high of $63.16.

Mosaic (NYSE:MOS – Get Free Report) last announced its earnings results on Wednesday, May 3rd. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.14). Mosaic had a net margin of 15.08% and a return on equity of 28.64%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted $2.41 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, research analysts forecast that The Mosaic Company will post 4.07 earnings per share for the current fiscal year.

About Mosaic

(Free Report)

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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