California Public Employees Retirement System Sells 41,618 Shares of The Mosaic Company (NYSE:MOS)

California Public Employees Retirement System lowered its position in The Mosaic Company (NYSE:MOS - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,161 shares of the basic materials company's stock after selling 41,618 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of Mosaic worth $12,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company's stock worth $228,018,000 after buying an additional 178,844 shares in the last quarter. Norges Bank purchased a new stake in shares of Mosaic during the fourth quarter valued at approximately $97,363,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock valued at $82,800,000 after purchasing an additional 150,186 shares during the period. Allianz Asset Management GmbH boosted its holdings in Mosaic by 190.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock valued at $39,178,000 after acquiring an additional 1,045,812 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Mosaic by 9.3% in the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock valued at $34,101,000 after acquiring an additional 117,838 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler reissued a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Morgan Stanley cut their price target on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Mosaic from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Royal Bank of Canada boosted their price target on Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. Finally, The Goldman Sachs Group began coverage on Mosaic in a research note on Thursday, March 13th. They set a "buy" rating and a $31.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of "Hold" and a consensus price target of $32.58.

Mosaic Price Performance

Shares of MOS traded down $0.25 during mid-day trading on Thursday, hitting $24.43. 1,105,242 shares of the stock were exchanged, compared to its average volume of 4,552,247. The company has a market cap of $7.74 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $33.18. The firm has a 50-day moving average of $25.93 and a two-hundred day moving average of $26.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.60%. Mosaic's payout ratio is presently 160.00%.

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.