The Mosaic Company (NYSE:MOS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in shares of The Mosaic Company (NYSE:MOSFree Report) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 185,923 shares of the basic materials company’s stock after selling 8,196 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Mosaic worth $6,619,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MOS. Capital International Investors acquired a new position in shares of Mosaic during the 1st quarter valued at $412,663,000. Wellington Management Group LLP grew its holdings in shares of Mosaic by 910.9% in the 1st quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock worth $296,052,000 after acquiring an additional 4,011,530 shares during the last quarter. Norges Bank acquired a new position in shares of Mosaic in the 4th quarter worth $128,142,000. Bank of America Corp DE grew its holdings in shares of Mosaic by 38.1% in the 1st quarter. Bank of America Corp DE now owns 5,687,831 shares of the basic materials company’s stock worth $260,958,000 after acquiring an additional 1,570,465 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Mosaic by 136.6% in the 2nd quarter. Barclays PLC now owns 2,574,540 shares of the basic materials company’s stock worth $90,108,000 after acquiring an additional 1,486,229 shares during the last quarter. 84.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOS has been the topic of a number of recent research reports. Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. TheStreet cut Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Barclays upgraded Mosaic from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $42.00 in a report on Tuesday, November 14th. Royal Bank of Canada lowered their price target on Mosaic from $40.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, November 9th. Finally, Wells Fargo & Company lowered their price target on Mosaic from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $43.06.

Read Our Latest Stock Report on Mosaic

Mosaic Price Performance

MOS opened at $30.59 on Tuesday. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 1.34 and a beta of 1.50. The Mosaic Company has a 1 year low of $29.74 and a 1 year high of $57.46. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $34.03 and a 200 day moving average price of $35.92.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be given a dividend of $0.21 per share. This is a boost from Mosaic’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.75%. Mosaic’s dividend payout ratio (DPR) is presently 20.51%.

About Mosaic

(Free Report)

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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