New York State Teachers Retirement System Has $7.05 Million Position in The Mosaic Company (NYSE:MOS)

New York State Teachers Retirement System lowered its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,872 shares of the basic materials company's stock after selling 21,618 shares during the period. New York State Teachers Retirement System owned about 0.08% of Mosaic worth $7,046,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Intellectus Partners LLC boosted its stake in shares of Mosaic by 3.3% during the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after buying an additional 400 shares during the period. Arizona State Retirement System grew its position in Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock worth $2,275,000 after acquiring an additional 471 shares in the last quarter. Probity Advisors Inc. increased its stake in shares of Mosaic by 6.2% during the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock worth $214,000 after purchasing an additional 508 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of Mosaic by 7.1% during 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 purchasing an additional 592 shares in the last quarter. Finally, Sicart Associates LLC raised its holdings in shares of 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 purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

MOS has been the subject of several analyst reports. Barclays lifted their price objective on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank Of Canada raised shares of Mosaic from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $30.00 to $40.00 in a research note on Thursday, May 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price objective for the company. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.08.

Mosaic Stock Performance

Mosaic stock traded down $0.11 on Tuesday, reaching $37.58. 1,478,298 shares of the stock were exchanged, compared to its average volume of 4,816,130. The stock has a market cap of $11.92 billion, a PE ratio of 32.40, a PEG ratio of 2.17 and a beta of 1.12. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.21. The firm has a fifty day moving average price of $34.86 and a two-hundred day moving average price of $29.22.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company's stock.

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.