State of New Jersey Common Pension Fund D Sells 8,889 Shares of The Mosaic Company $MOS

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in The Mosaic Company by 8.0%, selling 8,889 shares and currently holding 102,388 shares valued at approximately $2.77 million.
• Recent analyst ratings for Mosaic include upgrades from Zacks Research and others, with a consensus rating of "Moderate Buy" and an average price target of $36.42.
• Mosaic reported a miss on EPS estimates for the last quarter with earnings of $0.51, falling short of the $0.71 expected, alongside revenues of $3.01 billion compared to a forecast of $3.11 billion.

State of New Jersey Common Pension Fund D trimmed its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,388 shares of the basic materials company's stock after selling 8,889 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Mosaic were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new position in Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Mosaic during the 1st quarter worth approximately $27,000. Allworth Financial LP grew its position in Mosaic by 102.3% during the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Mosaic during the 4th quarter worth approximately $41,000. Finally, Headlands Technologies LLC grew its position in Mosaic by 132.7% during the 1st quarter. Headlands Technologies LLC now owns 2,634 shares of the basic materials company's stock worth $71,000 after acquiring an additional 1,502 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent research reports. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Wells Fargo & Company cut their price objective on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. UBS Group lifted their price objective on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Trading Up 0.6%

MOS opened at $32.4180 on Thursday. The stock has a market cap of $10.29 billion, a PE ratio of 10.99, a PEG ratio of 1.50 and a beta of 1.12. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $35.31 and a 200-day moving average of $31.09. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. Equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 128,546 shares in the company, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.

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