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 decreased its holdings in The Mosaic Company (NYSE:MOS) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC bought a new position in Mosaic during the third quarter worth about $299,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Mosaic in the 3rd quarter worth approximately $218,000. PNC Financial Services Group Inc. lifted its position in shares of Mosaic by 9.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 46,641 shares of the basic materials company’s stock worth $1,249,000 after buying an additional 4,012 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Mosaic by 159.0% in the 3rd quarter. Cerity Partners LLC now owns 61,401 shares of the basic materials company’s stock valued at $1,644,000 after buying an additional 37,695 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Down 1.5 %

NYSE:MOS opened at $27.21 on Wednesday. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock’s fifty day moving average price is $26.56 and its two-hundred day moving average price is $26.17. The Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOS. Wells Fargo & Company lifted their price objective on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Finally, Scotiabank increased their price target on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target 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.