Monaco Asset Management SAM Sells 125,000 Shares of The Mosaic Company (NYSE:MOS)

Monaco Asset Management SAM trimmed its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,000 shares of the basic materials company's stock after selling 125,000 shares during the quarter. Monaco Asset Management SAM's holdings in Mosaic were worth $1,598,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. increased its holdings in Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock valued at $625,000 after buying an additional 354 shares during the period. Entropy Technologies LP bought a new position in Mosaic in the 3rd quarter valued at about $357,000. GSA Capital Partners LLP bought a new position in Mosaic in the 3rd quarter valued at about $244,000. Huntington National Bank increased its holdings in Mosaic by 85.2% in the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company's stock valued at $59,000 after buying an additional 1,007 shares during the period. Finally, Metis Global Partners LLC increased its holdings in Mosaic by 19.5% in the 3rd quarter. Metis Global Partners LLC now owns 29,003 shares of the basic materials company's stock valued at $777,000 after buying an additional 4,740 shares during the period. 77.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MOS. Royal Bank of Canada raised their price target 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. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Mizuho cut their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Finally, Oppenheimer began coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a "market perform" rating on the stock. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $31.64.

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Mosaic Trading Up 2.4 %

Shares of NYSE MOS traded up $0.65 during midday trading on Tuesday, reaching $27.18. The stock had a trading volume of 7,323,999 shares, compared to its average volume of 4,244,949. The company's 50 day moving average price is $26.30 and its 200 day moving average price is $26.16. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth 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. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.24%. This is a positive change from Mosaic's previous quarterly dividend of $0.21. Mosaic's payout ratio is currently 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.