Federated Hermes Inc. Sells 351,951 Shares of The Mosaic Company (NYSE:MOS)

Federated Hermes Inc. decreased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,135 shares of the basic materials company's stock after selling 351,951 shares during the quarter. Federated Hermes Inc. owned 0.13% of Mosaic worth $9,934,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MOS. Geode Capital Management LLC raised its holdings in shares of Mosaic by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock valued at $218,751,000 after buying an additional 269,650 shares in the last quarter. Norges Bank bought a new stake in shares of Mosaic in the 4th quarter worth approximately $97,363,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 4.7% in the 4th 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 purchasing an additional 150,186 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Mosaic by 14.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company's stock valued at $77,135,000 after purchasing an additional 386,545 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Mosaic by 190.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock worth $39,178,000 after purchasing an additional 1,045,812 shares during the period. 77.54% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Wells Fargo & Company upped their price target on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Scotiabank lifted their price objective on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada raised their price target on Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.58.

Mosaic Stock Down 0.6 %

Mosaic stock traded down $0.16 during mid-day trading on Tuesday, hitting $26.42. The company had a trading volume of 1,609,409 shares, compared to its average volume of 4,572,949. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $32.29. The company has a market capitalization of $8.37 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The stock's 50 day moving average price is $25.80 and its two-hundred day moving average price is $26.14. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Dividend Announcement

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 issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.33%. Mosaic's dividend payout ratio (DPR) is presently 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.