The Mosaic Company (NYSE:MOS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 20.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,271 shares of the basic materials company's stock after purchasing an additional 37,500 shares during the period. New York State Common Retirement Fund owned about 0.07% of Mosaic worth $6,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Probity Advisors Inc. increased its stake in Mosaic by 6.2% in the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after purchasing an additional 508 shares during the period. Allworth Financial LP grew its holdings in shares of Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after buying an additional 537 shares during the last quarter. United Capital Financial Advisors LLC increased its position in Mosaic by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 592 shares during the period. Sicart Associates LLC raised its stake in Mosaic by 0.6% during the 1st quarter. Sicart Associates LLC now owns 110,762 shares of the basic materials company's stock valued at $2,992,000 after acquiring an additional 625 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Mosaic by 0.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 100,156 shares of the basic materials company's stock valued at $2,462,000 after acquiring an additional 683 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. UBS Group upgraded shares of Mosaic from a "neutral" rating to a "buy" rating and set a $45.00 price objective on the stock in a research report on Wednesday. Piper Sandler reissued a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Oppenheimer restated an "outperform" rating and issued a $43.00 target price (up previously from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Mosaic Price Performance

MOS traded up $0.22 on Thursday, hitting $37.40. 5,531,876 shares of the company were exchanged, compared to its average volume of 4,184,306. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The firm has a market capitalization of $11.86 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.12. The business's fifty day moving average is $36.01 and its 200 day moving average is $30.21.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly 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. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The company's quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

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.