South Dakota Investment Council Takes $1.20 Million Position in Mosaic Company (The) (MOS)
South Dakota Investment Council acquired a new stake in shares of Mosaic Company (The) (NYSE:MOS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 55,700 shares of the basic materials company’s stock, valued at approximately $1,203,000.
Several other large investors also recently made changes to their positions in the stock. State Street Corp lifted its holdings in Mosaic by 2.0% in the 2nd quarter. State Street Corp now owns 19,950,012 shares of the basic materials company’s stock worth $455,461,000 after purchasing an additional 397,403 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Mosaic by 0.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 517,307 shares of the basic materials company’s stock worth $11,810,000 after purchasing an additional 4,055 shares in the last quarter. Andra AP fonden lifted its holdings in Mosaic by 240.3% in the 2nd quarter. Andra AP fonden now owns 79,300 shares of the basic materials company’s stock worth $1,810,000 after purchasing an additional 56,000 shares in the last quarter. River & Mercantile Asset Management LLP lifted its holdings in Mosaic by 11.2% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 227,100 shares of the basic materials company’s stock worth $5,184,000 after purchasing an additional 22,850 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Mosaic by 25.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 55,200 shares of the basic materials company’s stock worth $1,260,000 after purchasing an additional 11,080 shares in the last quarter. Institutional investors own 76.45% of the company’s stock.
MOS has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Royal Bank Of Canada lowered their price target on Mosaic to C$23.00 and set a “sector perform” rating on the stock in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and issued a $25.00 price target on shares of Mosaic in a report on Friday, September 8th. Finally, Stifel Nicolaus set a $24.00 price target on Mosaic and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.91.
Shares of Mosaic Company (MOS) traded down $0.04 on Monday, hitting $23.85. The stock had a trading volume of 1,437,800 shares, compared to its average volume of 4,452,059. The stock has a market cap of $8,360.00, a PE ratio of 23.38, a price-to-earnings-growth ratio of 2.59 and a beta of 1.27. Mosaic Company has a twelve month low of $19.23 and a twelve month high of $34.36. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.37.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. analysts expect that Mosaic Company will post 0.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Mosaic’s dividend payout ratio (DPR) is 63.16%.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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