International Assets Investment Management LLC Cuts Stake in The Mosaic Company (NYSE:MOS)

International Assets Investment Management LLC decreased its position in The Mosaic Company (NYSE:MOS - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,413 shares of the basic materials company's stock after selling 148,348 shares during the period. International Assets Investment Management LLC's holdings in Mosaic were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its position in Mosaic by 1.5% in the third 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 last quarter. Moors & Cabot Inc. lifted its holdings in shares of Mosaic by 5.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company's stock worth $230,000 after acquiring an additional 382 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after acquiring an additional 384 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company's stock worth $235,000 after purchasing an additional 426 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Mosaic by 5.8% in the 3rd quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company's stock valued at $254,000 after purchasing an additional 517 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price for the company. Mizuho boosted 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. Barclays lowered their price objective on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Finally, Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $35.09.

Mosaic Stock Up 1.1 %

Shares of MOS stock traded up $0.30 on Tuesday, reaching $27.12. 4,727,760 shares of the stock were exchanged, compared to its average volume of 5,165,178. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.85 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The business's 50 day moving average price is $25.71 and its 200 day moving average price is $26.71.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the business earned $0.68 earnings per share. The company's quarterly revenue was down 20.8% on a year-over-year basis. As a group, sell-side analysts expect that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. This is an increase from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.24%. Mosaic's dividend payout ratio is 77.88%.

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.