Legal & General Group Plc cut its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 36.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 925,931 shares of the basic materials company's stock after selling 529,533 shares during the period. Legal & General Group Plc owned 0.29% of Mosaic worth $22,759,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in Mosaic by 25.3% in the 3rd quarter. Quantinno Capital Management LP now owns 13,298 shares of the basic materials company's stock worth $356,000 after acquiring an additional 2,686 shares during the period. Stifel Financial Corp boosted its stake in shares of Mosaic by 1.8% in the third quarter. Stifel Financial Corp now owns 73,007 shares of the basic materials company's stock valued at $1,955,000 after purchasing an additional 1,266 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Mosaic during the 3rd quarter worth $511,000. Nomura Asset Management Co. Ltd. boosted its position in Mosaic by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company's stock valued at $2,664,000 after buying an additional 932 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Mosaic by 13.2% in the 3rd quarter. M&T Bank Corp now owns 23,265 shares of the basic materials company's stock valued at $623,000 after buying an additional 2,714 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MOS has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Royal Bank of Canada upped their price target on Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. Seven research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.42.
Check Out Our Latest Research Report on MOS
Mosaic Price Performance
Shares of NYSE:MOS traded up $0.27 during midday trading on Friday, reaching $27.24. 4,208,657 shares of the company's stock were exchanged, compared to its average volume of 4,598,178. The firm has a market capitalization of $8.63 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The company's 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $26.15. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $32.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.
Mosaic Dividend Announcement
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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is currently 160.00%.
Mosaic Company Profile
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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.
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