Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,823 Shares of The Mosaic Company (NYSE:MOS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 67,541 shares of the basic materials company’s stock after selling 1,823 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mosaic were worth $1,660,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MOS. Brooklyn Investment Group increased its holdings in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new position in shares of Mosaic during the 4th quarter worth about $33,000. Tobam bought a new stake in shares of Mosaic in the 4th quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC boosted its stake in Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 1.5 %

NYSE:MOS opened at $27.21 on Wednesday. The company has a market cap of $8.62 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. The business has a 50 day moving average price of $26.56 and a two-hundred day moving average price of $26.17. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Oppenheimer upgraded shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a report on Thursday, March 20th. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Scotiabank boosted their target price on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Royal Bank of Canada raised their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company boosted their price objective on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.67.

Mosaic Company 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.