Commonwealth Equity Services LLC Sells 22,787 Shares of The Mosaic Company (NYSE:MOS)

Commonwealth Equity Services LLC lowered its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 54,678 shares of the basic materials company's stock after selling 22,787 shares during the period. Commonwealth Equity Services LLC's holdings in Mosaic were worth $1,344,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group boosted 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 buying an additional 587 shares in the last quarter. R Squared Ltd bought a new position in shares of Mosaic during the 4th quarter worth about $33,000. Tobam acquired a new stake in shares of Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic in the fourth quarter valued at about $41,000. Finally, Ethos Financial Group LLC acquired a new position in Mosaic in the fourth quarter worth about $55,000. Institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of recent research reports. The Goldman Sachs Group started coverage on Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective on the stock. Wells Fargo & Company boosted their price target on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a research note on Thursday, March 20th. Royal Bank of Canada boosted their target price on shares of Mosaic from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 4th. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of Mosaic in a report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $32.67.

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Mosaic Price Performance

Shares of NYSE MOS traded down $0.57 during trading on Thursday, reaching $25.91. The company had a trading volume of 7,706,909 shares, compared to its average volume of 4,492,544. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. The business's 50 day moving average price is $26.49 and its 200-day moving average price is $26.24. The stock has a market cap of $8.21 billion, a PE ratio of 22.92, a PEG ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.40%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is 160.00%.

Mosaic Company 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.