The Mosaic Company (NYSE:MOS) Stock Position Decreased by Korea Investment CORP

Korea Investment CORP trimmed its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 183,150 shares of the basic materials company's stock after selling 205,654 shares during the period. Korea Investment CORP owned 0.06% of Mosaic worth $4,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brooklyn Investment Group increased its position in 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Mosaic during the 4th quarter worth about $33,000. Tobam purchased a new stake in shares of Mosaic during the fourth quarter worth about $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic in the fourth quarter valued at approximately $41,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Mosaic during the fourth quarter valued at approximately $55,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Down 9.6 %

Shares of Mosaic stock traded down $2.49 on Friday, hitting $23.48. 10,126,846 shares of the company's stock traded hands, compared to its average volume of 4,513,154. The Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.44 billion, a P/E ratio of 20.77, a PEG ratio of 1.42 and a beta of 1.34. The firm's 50-day moving average is $26.39 and its 200 day moving average is $26.23.

Remove Ads

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. Mosaic's payout ratio is 160.00%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler reiterated a "neutral" rating on shares of Mosaic in a report on Thursday, March 27th. Wells Fargo & Company increased their target price on Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. 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 report on Monday, January 13th. Oppenheimer upgraded 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. Finally, Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.83.

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.