California State Teachers Retirement System Sells 117,685 Shares of The Mosaic Company (NYSE:MOS)

California State Teachers Retirement System trimmed its position in The Mosaic Company (NYSE:MOS - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,953 shares of the basic materials company's stock after selling 117,685 shares during the quarter. California State Teachers Retirement System owned 0.12% of Mosaic worth $9,290,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its position in Mosaic by 31.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,287 shares of the basic materials company's stock worth $253,000 after acquiring an additional 2,436 shares during the period. Pacer Advisors Inc. grew its position in shares of Mosaic by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after purchasing an additional 24,281 shares in the last quarter. R Squared Ltd bought a new position in shares of Mosaic during the fourth quarter worth approximately $33,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Mosaic by 22.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,684 shares of the basic materials company's stock worth $2,082,000 after purchasing an additional 15,496 shares during the period. Finally, Mediolanum International Funds Ltd raised its position in shares of Mosaic by 9.0% in the fourth quarter. Mediolanum International Funds Ltd now owns 83,834 shares of the basic materials company's stock valued at $2,007,000 after buying an additional 6,912 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Insider Buying and Selling

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the transaction, the senior vice president now owns 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MOS. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Royal Bank of Canada raised shares of Mosaic from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Thursday, May 8th. Piper Sandler reissued a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. UBS Group increased their price target on shares of Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mosaic presently has an average rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Trading Down 0.3%

Shares of MOS stock traded down $0.11 during mid-day trading on Wednesday, reaching $36.84. 4,775,205 shares of the stock traded hands, compared to its average volume of 4,711,581. The stock's fifty day simple moving average is $30.39 and its two-hundred day simple moving average is $27.57. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $37.69. 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 company has a market cap of $11.69 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. On average, research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is currently 75.86%.

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.