The Mosaic Company (NYSE:MOS) Shares Sold by Cohen & Steers Inc.

Cohen & Steers Inc. lessened its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 44.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,432 shares of the basic materials company's stock after selling 196,881 shares during the period. Cohen & Steers Inc. owned approximately 0.08% of Mosaic worth $5,959,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group increased its stake in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after acquiring an additional 587 shares during the last quarter. R Squared Ltd purchased a new position in shares of Mosaic during the 4th quarter worth about $33,000. Tobam bought a new position in Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the 4th quarter worth about $41,000. Finally, Ethos Financial Group LLC bought a new stake in Mosaic in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler reaffirmed a "neutral" rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Scotiabank raised their price target on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 target price for the company. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada boosted their price objective on Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.42.

Mosaic Stock Up 1.0 %

Shares of NYSE MOS traded up $0.27 during midday trading on Friday, hitting $27.24. The company's stock had a trading volume of 4,208,657 shares, compared to its average volume of 4,602,925. The business's fifty day simple moving average is $25.80 and its two-hundred day simple moving average is $26.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.23%. Mosaic's payout ratio is 160.00%.

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.