Louisiana State Employees Retirement System raised its position in Mosaic Company (The) (NYSE:MOS) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,800 shares of the basic materials company’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Mosaic Company (The) were worth $498,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Turner Investments LLC acquired a new position in shares of Mosaic Company (The) during the first quarter worth about $158,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Mosaic Company (The) by 878.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock worth $175,000 after buying an additional 5,393 shares during the period. Pacer Advisors Inc. raised its position in shares of Mosaic Company (The) by 3.6% in the first quarter. Pacer Advisors Inc. now owns 6,779 shares of the basic materials company’s stock worth $198,000 after buying an additional 234 shares during the period. CrestPoint Capital Management LLC acquired a new position in shares of Mosaic Company (The) during the second quarter worth about $208,000. Finally, Greenwood Capital Associates LLC acquired a new position in shares of Mosaic Company (The) during the first quarter worth about $211,000. 82.40% of the stock is owned by institutional investors and hedge funds.
Mosaic Company (MOS) traded down 1.31% during midday trading on Friday, hitting $20.34. The stock had a trading volume of 5,511,973 shares. Mosaic Company has a one year low of $20.06 and a one year high of $34.36. The stock’s 50-day moving average is $23.09 and its 200-day moving average is $26.43. The company has a market cap of $7.14 billion, a P/E ratio of 48.43 and a beta of 1.24.
Mosaic Company (The) (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company posted $0.06 EPS. Mosaic Company (The)’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Mosaic Company will post $1.07 EPS for the current fiscal year.
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MOS has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on Mosaic Company (The) from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Royal Bank Of Canada set a $26.00 price target on Mosaic Company (The) and gave the company a “hold” rating in a research note on Saturday, June 10th. BidaskClub raised Mosaic Company (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BMO Capital Markets set a $26.00 price target on Mosaic Company (The) and gave the company a “hold” rating in a research note on Saturday, May 6th. Finally, Zacks Investment Research lowered Mosaic Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Mosaic Company (The) presently has a consensus rating of “Hold” and a consensus price target of $25.36.
In other Mosaic Company (The) news, Director Nancy E. Cooper sold 1,100 shares of Mosaic Company (The) stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total transaction of $25,729.00. Following the completion of the sale, the director now owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.
About Mosaic Company (The)
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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