Teachers Retirement System of The State of Kentucky Has $661,000 Stock Position in The Mosaic Company (NYSE:MOS)

Teachers Retirement System of The State of Kentucky cut its stake in shares of The Mosaic Company (NYSE:MOS) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,674 shares of the basic materials company’s stock after selling 2,708 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mosaic were worth $661,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MOS. Blue Trust Inc. increased its holdings in Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic during the second quarter worth about $46,000. Larson Financial Group LLC increased its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares during the period. Kimelman & Baird LLC bought a new position in Mosaic in the 2nd quarter valued at approximately $49,000. Finally, CVA Family Office LLC boosted its position in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after buying an additional 384 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Price Performance

Shares of MOS opened at $24.28 on Thursday. The firm has a market cap of $7.71 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The business’s 50 day moving average price is $26.43 and its two-hundred day moving average price is $27.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, equities analysts anticipate that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.46%. Mosaic’s dividend payout ratio is presently 74.34%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. CIBC assumed 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. Wells Fargo & Company cut their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Barclays cut their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $35.40.

About Mosaic

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.