Capital World Investors Sells 8,080,171 Shares of The Mosaic Company (NYSE:MOS)

Capital World Investors lowered its stake in The Mosaic Company (NYSE:MOS - Free Report) by 70.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,456,196 shares of the basic materials company's stock after selling 8,080,171 shares during the quarter. Capital World Investors owned approximately 1.09% of Mosaic worth $84,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its stake in Mosaic by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock valued at $1,814,000 after purchasing an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 buying an additional 150,186 shares during the period. OLD National Bancorp IN lifted its stake in Mosaic by 33.8% in the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock worth $7,168,000 after acquiring an additional 73,653 shares in the last quarter. Swedbank AB boosted its position in Mosaic by 9.3% during the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock worth $34,101,000 after acquiring an additional 117,838 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Mosaic during the 4th quarter worth about $1,054,000. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of NYSE:MOS traded up $0.19 during trading on Friday, reaching $29.12. The stock had a trading volume of 3,647,897 shares, compared to its average volume of 4,621,044. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $25.93 and a two-hundred day simple moving average of $26.19. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 25.77, a P/E/G 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 $32.29.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's dividend payout ratio is 160.00%.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research analyst reports. Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $27.00 to $33.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. The Goldman Sachs Group started coverage on shares of Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target on the stock. UBS Group cut their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $32.42.

About Mosaic

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.