Public Employees Retirement Association of Colorado lowered its stake in shares of Mosaic Co. (NYSE:MOS) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 68,029 shares of the company’s stock after selling 1,866 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Mosaic were worth $1,664,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Synovus Financial Corp increased its position in shares of Mosaic by 127.4% in the second quarter. Synovus Financial Corp now owns 4,128 shares of the company’s stock valued at $107,000 after buying an additional 2,313 shares during the last quarter. Seven Eight Capital LLC increased its position in shares of Mosaic by 27.2% in the first quarter. Seven Eight Capital LLC now owns 4,209 shares of the company’s stock valued at $114,000 after buying an additional 900 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in shares of Mosaic by 139.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,668 shares of the company’s stock valued at $122,000 after buying an additional 2,720 shares during the last quarter. Exane Derivatives acquired a new position in shares of Mosaic during the second quarter valued at approximately $126,000. Finally, MUFG Americas Holdings Corp increased its position in shares of Mosaic by 7.4% in the second quarter. MUFG Americas Holdings Corp now owns 5,680 shares of the company’s stock valued at $149,000 after buying an additional 391 shares during the last quarter. 90.69% of the stock is owned by institutional investors and hedge funds.
Shares of Mosaic Co. (NYSE:MOS) traded down 0.29% on Monday, reaching $27.35. The company had a trading volume of 4,622,630 shares. The company’s 50 day moving average price is $25.52 and its 200-day moving average price is $26.51. The stock has a market capitalization of $9.58 billion, a P/E ratio of 21.79 and a beta of 1.25. Mosaic Co. has a 1-year low of $22.02 and a 1-year high of $32.26.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.23. Mosaic had a return on equity of 3.78% and a net margin of 5.91%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm posted $0.62 EPS. Mosaic’s revenue was down 5.0% compared to the same quarter last year. Equities analysts predict that Mosaic Co. will post $0.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, November 29th. Mosaic’s payout ratio is 88.00%.
Several brokerages have recently commented on MOS. BMO Capital Markets restated a “hold” rating and issued a $23.00 price objective on shares of Mosaic in a research report on Wednesday, August 3rd. Credit Suisse Group AG downgraded Mosaic from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $26.26 to $21.00 in a research report on Tuesday, August 2nd. Susquehanna downgraded Mosaic from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $28.00 in a research report on Wednesday, August 17th. Citigroup Inc. boosted their target price on Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, November 15th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.03.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.