New York State Teachers Retirement System Sells 21,618 Shares of The Mosaic Company (NYSE:MOS)

New York State Teachers Retirement System lessened its stake in shares of The Mosaic Company (NYSE:MOS) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 260,872 shares of the basic materials company’s stock after selling 21,618 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Mosaic worth $7,046,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in Mosaic in the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Mosaic in the first quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the fourth quarter worth $41,000. Ethos Financial Group LLC bought a new stake in shares of Mosaic during the 4th quarter worth $55,000. Finally, ANTIPODES PARTNERS Ltd grew its stake in Mosaic by 115.1% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company’s stock valued at $78,000 after buying an additional 1,694 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

Mosaic Stock Performance

Shares of NYSE MOS opened at $37.29 on Friday. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.17 and a beta of 1.12. The Mosaic Company has a one year low of $22.36 and a one year high of $38.06. The business has a fifty day simple moving average of $34.70 and a 200 day simple moving average of $29.09. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler reissued a “neutral” rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. CIBC boosted their price objective on Mosaic from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. 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 target price for the company. Scotiabank reaffirmed an “outperform” rating on shares of Mosaic in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Mosaic from a “hold” rating to a “buy” rating in a report on Saturday. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.58.

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.