Louisiana State Employees Retirement System Sells 800 Shares of The Mosaic Company (NYSE:MOS)

Louisiana State Employees Retirement System decreased its holdings in The Mosaic Company (NYSE:MOS) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 17,100 shares of the basic materials company’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Mosaic were worth $420,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. raised its position in Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 354 shares during the last quarter. Blue Trust Inc. raised its position in shares of Mosaic by 46.4% during the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 570 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock worth $799,000 after acquiring an additional 570 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Mosaic by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock worth $1,099,000 after acquiring an additional 653 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 0.1 %

NYSE MOS opened at $27.13 on Thursday. The stock has a 50-day simple moving average of $26.22 and a 200 day simple moving average of $26.51. The company has a market capitalization of $8.62 billion, a PE ratio of 24.01, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12 month low of $23.56 and a 12 month high of $33.44.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s payout ratio is presently 77.88%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. Finally, Morgan Stanley dropped their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.80.

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.