VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 30,400 Shares of The Mosaic Company $MOS

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in The Mosaic Company (NYSE:MOS) by 38.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,800 shares of the basic materials company’s stock after buying an additional 30,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Mosaic were worth $3,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MOS. First Horizon Advisors Inc. increased its stake in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Mosaic in the second quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its stake in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. Rothschild Investment LLC raised its stake in Mosaic by 650.0% in the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. Finally, Rexford Capital Inc. bought a new stake in Mosaic during the second quarter valued at approximately $28,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $24.09 on Friday. The company has a 50-day simple moving average of $25.12 and a two-hundred day simple moving average of $31.02. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.59 and a beta of 0.94. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.Mosaic’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. On average, equities analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s dividend payout ratio is 22.80%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Oppenheimer lowered their price objective on shares of Mosaic from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Wells Fargo & Company initiated coverage on Mosaic in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 target price on the stock. BNP Paribas Exane dropped their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Scotiabank raised their price objective on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.73.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.