Retirement Systems of Alabama Has $1.86 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

Retirement Systems of Alabama reduced its position in The Mosaic Company (NYSE:MOS) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 69,251 shares of the basic materials company’s stock after selling 1,644 shares during the period. Retirement Systems of Alabama’s holdings in Mosaic were worth $1,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in shares of Mosaic in the 2nd quarter valued at about $46,000. Kimelman & Baird LLC acquired a new stake in shares of Mosaic during the 2nd quarter worth approximately $49,000. Larson Financial Group LLC raised its stake in shares of Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,809 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after buying an additional 384 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MOS shares. Wells Fargo & Company lowered their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. CIBC initiated coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Oppenheimer started coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Finally, Barclays reduced their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.40.

Mosaic Stock Performance

Shares of MOS opened at $24.07 on Friday. The firm has a market cap of $7.65 billion, a P/E ratio of 21.30, a PEG ratio of 1.85 and a beta of 1.34. The Mosaic Company has a twelve month low of $23.70 and a twelve month high of $37.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm’s 50 day moving average price is $26.34 and its two-hundred day moving average price is $27.16.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, analysts forecast that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.49%. Mosaic’s payout ratio is presently 74.34%.

About Mosaic

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.