State Board of Administration of Florida Retirement System Sells 1,900 Shares of The Mosaic Company (NYSE:MOS)

State Board of Administration of Florida Retirement System trimmed its position in shares of The Mosaic Company (NYSE:MOSFree Report) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 376,132 shares of the basic materials company’s stock after selling 1,900 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Mosaic were worth $13,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathstone Family Office LLC lifted its holdings in shares of Mosaic by 32.5% during the 3rd quarter. Pathstone Family Office LLC now owns 45,821 shares of the basic materials company’s stock valued at $1,631,000 after buying an additional 11,243 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Mosaic by 20.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 47,846 shares of the basic materials company’s stock worth $1,703,000 after purchasing an additional 8,056 shares during the period. Van ECK Associates Corp raised its holdings in Mosaic by 22.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,570,331 shares of the basic materials company’s stock worth $55,904,000 after purchasing an additional 292,850 shares during the period. Shell Asset Management Co. raised its holdings in Mosaic by 7.2% in the 3rd quarter. Shell Asset Management Co. now owns 34,460 shares of the basic materials company’s stock worth $1,227,000 after purchasing an additional 2,316 shares during the period. Finally, Horizon Family Wealth Inc. bought a new position in Mosaic in the 3rd quarter worth $273,000. 84.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MOS. Wells Fargo & Company decreased their target price on Mosaic from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada decreased their price target on Mosaic from $40.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, November 9th. Barclays raised Mosaic from an “underweight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $42.00 in a report on Tuesday, November 14th. The Goldman Sachs Group decreased their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Mosaic has an average rating of “Hold” and a consensus target price of $43.06.

Get Our Latest Report on Mosaic

Mosaic Trading Down 0.6 %

MOS opened at $29.92 on Monday. The firm has a market cap of $9.78 billion, a P/E ratio of 7.67, a P/E/G ratio of 1.34 and a beta of 1.50. The Mosaic Company has a 12 month low of $29.74 and a 12 month high of $57.46. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $34.03 and a 200 day moving average of $35.92.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.84 annualized dividend and a yield of 2.81%. This is a positive change from Mosaic’s previous quarterly dividend of $0.20. Mosaic’s dividend payout ratio (DPR) is currently 20.51%.

Mosaic Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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