Sumitomo Mitsui Trust Group Inc. Sells 10,244 Shares of The Mosaic Company (NYSE:MOS)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 627,800 shares of the basic materials company's stock after selling 10,244 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Mosaic worth $15,431,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 587 shares during the period. R Squared Ltd purchased a new stake in shares of Mosaic in the fourth quarter valued at $33,000. Heck Capital Advisors LLC purchased a new stake in shares of Mosaic in the fourth quarter valued at $41,000. Blue Trust Inc. raised its stake in shares of Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 570 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 1,809 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 0.4 %

Mosaic stock traded up $0.11 during midday trading on Friday, hitting $26.54. 3,089,443 shares of the company's stock were exchanged, compared to its average volume of 4,619,557. 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 12 month low of $23.56 and a 12 month high of $33.44. The firm has a 50-day moving average of $26.18 and a two-hundred day moving average of $26.52. The company has a market cap of $8.43 billion, a PE ratio of 23.48, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.32%. This is a boost from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic's dividend payout ratio is presently 74.34%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays downgraded shares of Mosaic from an "overweight" rating to an "underweight" rating and reduced their target price for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. Oppenheimer started coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a "market perform" rating on the stock. Mizuho raised their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Piper Sandler raised their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Finally, Morgan Stanley reduced their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $33.80.

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.