Prudential Financial Inc. decreased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,049 shares of the basic materials company's stock after selling 153,470 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Mosaic worth $4,524,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in shares of Mosaic by 190.8% during 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 last quarter. Two Sigma Advisers LP boosted its stake in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company's stock worth $87,817,000 after buying an additional 947,500 shares during the period. Geode Capital Management LLC raised its stake in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company's stock valued at $228,018,000 after acquiring an additional 178,844 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Mosaic in the 4th quarter valued at approximately $4,062,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 worth $82,800,000 after acquiring an additional 150,186 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Mizuho cut their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised Mosaic from a "neutral" rating to an "overweight" rating and lifted their target price for the company 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 research note on Thursday, March 13th. They set a "buy" rating and a $31.00 price target on the stock. Finally, CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Mosaic presently has an average rating of "Hold" and an average target price of $32.67.
Get Our Latest Report on Mosaic
Mosaic Stock Down 2.1 %
NYSE MOS traded down $0.57 on Thursday, hitting $25.91. 7,706,747 shares of the stock were exchanged, compared to its average volume of 4,487,643. The Mosaic Company has a fifty-two week low of $22.48 and a fifty-two week high of $33.44. The company has a 50-day moving average price of $26.55 and a 200-day moving average price of $26.24. The company 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 quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.
Mosaic Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. 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 (DPR) is presently 160.00%.
Mosaic Profile
(
Free Report)
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.
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