LSV Asset Management Reduces Stock Position in The Mosaic Company (NYSE:MOS)

LSV Asset Management lowered its position in The Mosaic Company (NYSE:MOS - Free Report) by 15.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,928,090 shares of the basic materials company's stock after selling 353,000 shares during the period. LSV Asset Management owned 0.61% of Mosaic worth $47,392,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of MOS. Pacer Advisors Inc. boosted its stake in Mosaic by 49.0% during the fourth 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. raised its stake in Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after buying an additional 150,186 shares during the period. OLD National Bancorp IN boosted its holdings 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 worth $7,168,000 after acquiring an additional 73,653 shares in the last quarter. Swedbank AB grew its stake in Mosaic by 9.3% in the fourth 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 raised its position in shares of 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 purchasing an additional 2,867 shares during the period. Institutional investors own 77.54% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on MOS shares. Mizuho dropped their price objective on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and raised their price target for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Wells Fargo & Company upped their price target on Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Finally, Scotiabank raised their price objective on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 19th. Seven investment 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. Based on data from MarketBeat.com, Mosaic has a consensus rating of "Moderate Buy" and a consensus price target of $32.58.

Mosaic Stock Performance

Mosaic stock traded down $0.17 during trading on Tuesday, hitting $26.42. The stock had a trading volume of 3,272,013 shares, compared to its average volume of 4,584,032. The stock's 50 day moving average is $25.80 and its two-hundred day moving average is $26.14. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.33%. Mosaic's payout ratio is 160.00%.

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.