VIRGINIA RETIREMENT SYSTEMS ET Al Invests $957,000 in The Mosaic Company $MOS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 45,150 shares of the basic materials company's stock, valued at approximately $957,000.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Mosaic by 169.3% during 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. CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic in the 2nd quarter valued at $31,000. SJS Investment Consulting Inc. increased its stake in shares of Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 525 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Mosaic in the 2nd quarter valued at $32,000. Finally, Gen Wealth Partners Inc bought a new position in shares of Mosaic in the 4th quarter valued at $32,000. 77.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares of the company's stock, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company's stock.

Mosaic Stock Up 0.1%

Shares of MOS opened at $25.21 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of -12.48, a PEG ratio of 4.56 and a beta of 0.83. The stock has a fifty day moving average of $23.16 and a 200-day moving average of $23.78.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Mosaic's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, September 10th. Mosaic's payout ratio is -43.56%.

Wall Street Analysts Forecast Growth

MOS has been the subject of several recent analyst reports. BMO Capital Markets dropped their price objective on Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn assumed coverage on Mosaic in a research report on Friday, June 26th. They issued a "buy" rating and a $30.00 target price on the stock. Zacks Research raised Mosaic from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Freedom Capital cut shares of Mosaic from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, August 13th. Finally, Mizuho set a $25.00 price target on shares of Mosaic in a research note on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $27.17.

Mosaic Profile

The Mosaic Company NYSE: MOS is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to replenish essential nutrients in soil and support agricultural yields. The company also produces animal feed ingredients and other phosphorus-based products derived from its phosphate operations.

Mosaic's operations span the production, processing, distribution and marketing of crop nutrients. Its phosphate business is supported by phosphate rock mining and processing operations, while its potash business includes mining and processing facilities in Canada and the United States.

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