State Board of Administration of Florida Retirement System Buys 3,650 Shares of The Mosaic Company $MOS

State Board of Administration of Florida Retirement System grew its stake in The Mosaic Company (NYSE:MOS) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 331,790 shares of the basic materials company’s stock after acquiring an additional 3,650 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.10% of Mosaic worth $12,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its stake in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 433 shares in the last quarter. Bangor Savings Bank purchased a new position in Mosaic in the second quarter worth about $26,000. Geneos Wealth Management Inc. lifted its stake in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after buying an additional 650 shares during the last quarter. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Mosaic during the second quarter valued at approximately $31,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Up 2.0%

NYSE MOS opened at $24.99 on Tuesday. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $7.93 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The stock’s 50-day moving average price is $28.97 and its 200-day moving average price is $32.79.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.5%. Mosaic’s payout ratio is 22.80%.

Analysts Set New Price Targets

MOS has been the topic of several analyst reports. BNP Paribas Exane lowered their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Bank of America dropped their price objective on Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. HSBC reduced their price objective on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a report on Monday, November 24th. Royal Bank Of Canada upgraded shares of Mosaic from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 4th. Finally, Zacks Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.73.

Mosaic 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.