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Highlights
- New York State Teachers Retirement System reduces its stake in The Mosaic Company by 2.7% during the 4th quarter.
- Institutional investors and hedge funds collectively own 77.54% of the company’s stock, indicating significant institutional interest.
- Mosaic announces a dividend increase to a quarterly $0.22, contributing to a 3.24% annual dividend yield.
New York State Teachers Retirement System recently disclosed a 2.7% decrease in its holding of The Mosaic Company (NYSE:MOS), amounting to 282,490 shares with a total value of $6,944,000 at the last SEC filing. This event follows movements from other substantial investors adjusting their stakes in the company.
Investors Amongst the Movers
Exchange Traded Concepts LLC and Creative Planning are among the notable investors making strategic shifts. Creative Planning notably increased its stake by 25.6%. Meanwhile, Sumitomo Mitsui DS Asset Management Company, Blue Trust Inc., and Signaturefd LLC have shown varying degrees of investment adjustments in the previous quarters.
Analyst Ratings and Market Performance
Navigating through stock ratings, several analysts have positioned their sentiment around Mosaic with 'hold' as the predominant outlook. Mizuho adjusted their target price from $28.00 to $29.00 with a neutral stance. Contrasting perspectives from Morgan Stanley and Royal Bank of Canada also emerged, contributing to the composite analyst sentiment that appears measured, reflective in the stock’s current market performance.
Trading Performance Metrics
The Mosaic Company opened at $27.13 recently, exhibiting a delicate balance in its financial health depicted through its quick and current ratios. With a 12-month trading range between $23.56 and $33.44, the company's stock performance demonstrates noteworthy trading volatility. The company’s market capitalization presently rests at $8.62 billion, a factor that plays into its strategic planning and investor relations.
Dividend Announcement
In a noteworthy update, Mosaic declared an increase in its quarterly dividend to $0.22, up from $0.21, translating into a dividend yield of 3.24%. This bears significance for shareholders, marking a strategic decision to strengthen investor returns.
Company Profile
The Mosaic Company is a leading producer and marketer of concentrated phosphate and potash crop nutrients globally. Through its extensive operational segments—Phosphates, Potash, and Mosaic Fertilizantes—it continues to furnish essential agricultural products worldwide, including distinct brands such as Biofos, Nexfos, and K-Mag.
