The Mosaic Company (NYSE:MOS) Shares Sold by State Street Corp

State Street Corp lessened its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,040,258 shares of the basic materials company's stock after selling 238,478 shares during the quarter. State Street Corp owned 4.41% of Mosaic worth $375,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock worth $36,000 after acquiring an additional 351 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Mosaic during the 2nd quarter worth $46,000. Kimelman & Baird LLC acquired a new stake in shares of Mosaic in the second quarter valued at about $49,000. Larson Financial Group LLC boosted its holdings in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock worth $48,000 after buying an additional 1,809 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Trading Down 0.7 %

Shares of NYSE:MOS traded down $0.19 during midday trading on Tuesday, reaching $25.82. The company's stock had a trading volume of 4,221,379 shares, compared to its average volume of 4,364,068. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The business has a 50 day moving average price of $26.49 and a 200 day moving average price of $27.43. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic's revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. Research analysts forecast that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, December 5th. Mosaic's dividend payout ratio (DPR) is currently 74.34%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MOS. Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Barclays lowered their target price on Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Mizuho lifted their price target on Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Finally, CIBC began coverage on shares of Mosaic in a research note on Tuesday. They issued a "neutral" rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $35.40.

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.