Arizona State Retirement System Grows Stake in The Mosaic Company (NYSE:MOS)

Arizona State Retirement System raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,550 shares of the basic materials company’s stock after buying an additional 471 shares during the period. Arizona State Retirement System’s holdings in Mosaic were worth $2,275,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Crossmark Global Holdings Inc. boosted its position in shares of Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after buying an additional 354 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after buying an additional 570 shares during the period. Brooklyn Investment Group boosted its position in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Mosaic by 7.0% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock valued at $237,000 after buying an additional 619 shares during the period. Finally, Confluence Investment Management LLC boosted its position in shares of Mosaic by 6.3% during the fourth quarter. Confluence Investment Management LLC now owns 14,527 shares of the basic materials company’s stock valued at $357,000 after buying an additional 863 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the subject of several recent analyst reports. Morgan Stanley dropped their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Mizuho decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Royal Bank of Canada lifted their price target 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 decreased their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.70.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $24.92 on Tuesday. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. 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 firm has a 50 day moving average of $26.24 and a 200 day moving average of $26.27.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.53%. Mosaic’s payout ratio is 160.00%.

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.