New York State Teachers Retirement System Has $6.94 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

New York State Teachers Retirement System decreased its position in shares of The Mosaic Company (NYSE:MOS) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 282,490 shares of the basic materials company’s stock after selling 7,959 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Mosaic worth $6,944,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of Mosaic in the 3rd quarter valued at $102,000. Creative Planning lifted its stake in shares of Mosaic by 25.6% in the 3rd quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 6,278 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Mosaic by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,946 shares of the basic materials company’s stock valued at $856,000 after buying an additional 752 shares in the last quarter. Blue Trust Inc. increased its position in shares of Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after buying an additional 570 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Mosaic by 136.5% in the 3rd quarter. Signaturefd LLC now owns 4,652 shares of the basic materials company’s stock valued at $125,000 after buying an additional 2,685 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MOS. Mizuho increased their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Oppenheimer initiated coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. CIBC initiated coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.80.

Mosaic Trading Up 0.1 %

Shares of MOS stock opened at $27.13 on Thursday. 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 Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The firm has a 50 day moving average price of $26.22 and a two-hundred day moving average price of $26.51. The company has a market capitalization of $8.62 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s payout ratio is presently 77.88%.

Mosaic 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.