Public Employees Retirement System of Ohio Purchases 585 Shares of The Mosaic Company $MOS

Public Employees Retirement System of Ohio grew its position in shares of The Mosaic Company (NYSE:MOS) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,299 shares of the basic materials company’s stock after purchasing an additional 585 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mosaic were worth $3,841,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ballentine Partners LLC increased its position in shares of Mosaic by 34.8% during the 2nd quarter. Ballentine Partners LLC now owns 15,317 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 3,954 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Mosaic by 13.3% during the 2nd quarter. Fifth Third Bancorp now owns 23,799 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 2,802 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Mosaic by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 19,746 shares of the basic materials company’s stock valued at $720,000 after purchasing an additional 3,061 shares during the last quarter. Foundation Resource Management Inc. increased its position in shares of Mosaic by 1.1% during the 2nd quarter. Foundation Resource Management Inc. now owns 640,328 shares of the basic materials company’s stock valued at $23,359,000 after purchasing an additional 6,980 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Mosaic by 130.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,774 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 6,091 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Down 0.2%

NYSE MOS opened at $34.64 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The firm has a market capitalization of $10.99 billion, a PE ratio of 11.74, a P/E/G ratio of 1.61 and a beta of 0.99. The stock’s 50 day moving average is $33.82 and its 200 day moving average is $32.70.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. Research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s payout ratio is 29.83%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOS. UBS Group lifted their price target on Mosaic from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wells Fargo & Company reduced their target price on Mosaic from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mosaic in a research note on Monday, July 14th. Scotiabank reduced their target price on Mosaic from $42.00 to $39.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 11th. Finally, Barclays boosted their target price on Mosaic from $40.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.42.

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.