Sei Investments Co. Cuts Position in The Mosaic Company (NYSE:MOS)

Sei Investments Co. lowered its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,849 shares of the basic materials company's stock after selling 30,917 shares during the quarter. Sei Investments Co.'s holdings in Mosaic were worth $3,535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its position in Mosaic by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock valued at $1,814,000 after purchasing an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $82,800,000 after buying an additional 150,186 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of Mosaic by 33.8% in the 4th 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 in the last quarter. Swedbank AB grew its position in shares of Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock worth $34,101,000 after buying an additional 117,838 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Mosaic by 59.5% during the 4th 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. Hedge funds and other institutional investors own 77.54% of the company's stock.

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Wall Street Analyst Weigh In

MOS has been the subject of several recent analyst reports. CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price for the company. Morgan Stanley lowered their price objective on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company upped their target price on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. 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 report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $26.00 to $29.00 in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.58.

Mosaic Stock Performance

NYSE MOS traded down $0.88 on Tuesday, reaching $22.70. 7,901,781 shares of the company's stock traded hands, compared to its average volume of 4,544,188. The stock has a 50 day moving average price of $26.07 and a 200-day moving average price of $26.16. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.42 and a beta of 1.04. 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 fifty-two week low of $22.36 and a fifty-two week high of $33.32.

Mosaic Dividend Announcement

The business also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, June 5th. Mosaic's payout ratio 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.