OMERS ADMINISTRATION Corp Sells 22,645 Shares of The Mosaic Company (NYSE:MOS)

OMERS ADMINISTRATION Corp reduced its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,478 shares of the basic materials company's stock after selling 22,645 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Mosaic were worth $1,290,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Intellectus Partners LLC increased its position in Mosaic by 3.3% in the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock worth $304,000 after buying an additional 400 shares during the period. Arizona State Retirement System increased its holdings in shares of 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. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock worth $799,000 after buying an additional 570 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after buying an additional 587 shares during the last quarter. Finally, United Capital Financial Advisors LLC increased its holdings in shares of Mosaic by 7.1% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays reiterated an "overweight" rating and issued a $40.00 price target (up previously from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target for the company. CIBC raised their target price on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price objective on Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Stock Performance

Shares of Mosaic stock traded up $0.15 during trading hours on Tuesday, reaching $35.50. The company's stock had a trading volume of 4,449,759 shares, compared to its average volume of 4,700,374. The stock has a market cap of $11.26 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company's 50 day simple moving average is $28.48 and its 200 day simple moving average is $26.91. The Mosaic Company has a one year low of $22.36 and a one year high of $35.95.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.48%. Mosaic's dividend payout ratio is currently 75.86%.

Mosaic Company 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.