Franklin Resources Inc. Sells 52,885 Shares of The Mosaic Company (NYSE:MOS)

Franklin Resources Inc. reduced its position in The Mosaic Company (NYSE:MOS - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,453 shares of the basic materials company's stock after selling 52,885 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of Mosaic worth $6,082,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MOS. Pacer Advisors Inc. raised its position in shares of Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after acquiring an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN lifted its stake in Mosaic by 33.8% in the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock valued at $7,168,000 after buying an additional 73,653 shares during the period. Swedbank AB lifted its position in shares of Mosaic by 9.3% during the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock valued at $34,101,000 after acquiring an additional 117,838 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Mosaic by 59.5% during the fourth quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company's stock worth $189,000 after acquiring an additional 2,867 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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Mosaic Stock Performance

Shares of MOS stock traded up $0.04 during trading on Tuesday, hitting $26.62. The company's stock had a trading volume of 663,955 shares, compared to its average volume of 4,569,139. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $32.29. The company has a market cap of $8.44 billion, a PE ratio of 23.52, a P/E/G ratio of 1.42 and a beta of 1.04. The business has a fifty day moving average of $25.80 and a 200-day moving average of $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 business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.31%. Mosaic's payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. JPMorgan Chase & Co. raised Mosaic from a "neutral" rating to an "overweight" rating and upped 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 objective on the stock. Wells Fargo & Company lifted their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Finally, Morgan Stanley lowered their target price on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $32.58.

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.