Strs Ohio Sells 57,383 Shares of The Mosaic Company $MOS

Strs Ohio lowered its position in shares of The Mosaic Company (NYSE:MOS) by 88.4% during the third quarter, Holdings Channel.com reports. The firm owned 7,545 shares of the basic materials company’s stock after selling 57,383 shares during the quarter. Strs Ohio’s holdings in Mosaic were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. Rothschild Investment LLC grew its stake in shares of Mosaic by 650.0% in the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 650 shares in the last quarter. Rexford Capital Inc. bought a new position in Mosaic during the second quarter worth about $28,000. Finally, True Wealth Design LLC increased its position in Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 764 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Trading Down 2.0%

Shares of MOS opened at $27.47 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 1.24 and a beta of 0.94. The business’s fifty day moving average is $25.35 and its 200-day moving average is $29.54.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the company earned $0.34 EPS. Mosaic’s revenue for the quarter was up 22.8% on a year-over-year basis. Equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 9th. Mosaic’s dividend payout ratio is presently 22.80%.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a research report on Monday, December 29th. Morgan Stanley boosted their price target on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. HSBC reduced their price target on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Mizuho cut their target price on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Finally, Oppenheimer set a $35.00 target price on Mosaic in a report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.