Cerity Partners LLC reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 37.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,179 shares of the basic materials company's stock after selling 23,222 shares during the quarter. Cerity Partners LLC's holdings in Mosaic were worth $981,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Intellectus Partners LLC increased its position in shares of Mosaic by 3.3% during the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after acquiring an additional 471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock worth $799,000 after acquiring an additional 570 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Mosaic by 7.0% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company's stock valued at $237,000 after purchasing an additional 619 shares during the last quarter. Institutional investors own 77.54% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on MOS. Royal Bank of Canada increased their price target on Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Thursday, March 20th. Mizuho lowered their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. UBS Group dropped their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.42.
Read Our Latest Analysis on Mosaic
Mosaic Stock Performance
NYSE:MOS traded up $0.03 during trading hours on Wednesday, hitting $27.89. 3,137,275 shares of the company were exchanged, compared to its average volume of 4,605,501. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $32.29. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.42 and a beta of 1.04. The company's 50 day moving average price is $25.85 and its 200-day moving average price is $26.15.
Mosaic Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.15%. Mosaic's dividend payout ratio (DPR) is 160.00%.
About Mosaic
(
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.
Further Reading
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