New York State Common Retirement Fund Has $4.62 Million Stock Position in The Mosaic Company (NYSE:MOS)

New York State Common Retirement Fund decreased its holdings in The Mosaic Company (NYSE:MOS) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 187,771 shares of the basic materials company’s stock after selling 8,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Mosaic were worth $4,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MOS. Creative Planning increased its position in Mosaic by 25.6% during the 3rd quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock worth $824,000 after purchasing an additional 6,278 shares in the last quarter. Blue Trust Inc. increased its holdings 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 buying an additional 570 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Mosaic by 2,501.8% during the third quarter. International Assets Investment Management LLC now owns 156,761 shares of the basic materials company’s stock worth $4,198,000 after buying an additional 150,736 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mosaic by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock valued at $1,099,000 after acquiring an additional 653 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Mosaic by 87.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 70,314 shares of the basic materials company’s stock valued at $1,878,000 after acquiring an additional 32,745 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Oppenheimer initiated coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.80.

Mosaic Trading Down 0.6 %

NYSE MOS opened at $25.08 on Friday. The Mosaic Company has a 52 week low of $23.56 and a 52 week high of $33.44. The business has a 50 day moving average price of $26.21 and a 200-day moving average price of $26.47. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is currently 77.88%.

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.