Thrivent Financial for Lutherans trimmed its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,747 shares of the basic materials company's stock after selling 42,448 shares during the period. Thrivent Financial for Lutherans' holdings in Mosaic were worth $3,631,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company's stock worth $228,018,000 after purchasing an additional 178,844 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after acquiring an additional 150,186 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company's stock valued at $87,817,000 after acquiring an additional 947,500 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Mosaic by 190.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock valued at $39,178,000 after acquiring an additional 1,045,812 shares in the last quarter. Finally, Swedbank AB grew its holdings in Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock valued at $34,101,000 after purchasing an additional 117,838 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.
Mosaic Stock Performance
Shares of MOS traded down $0.22 on Friday, reaching $27.26. 3,656,213 shares of the stock traded hands, compared to its average volume of 4,484,670. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The stock's 50-day moving average price is $26.58 and its 200-day moving average price is $26.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.
Mosaic Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. 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 is 160.00%.
Analyst Ratings Changes
A number of analysts have recently weighed in on MOS shares. CIBC initiated coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Mizuho cut their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company increased their target price on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.67.
Read Our Latest Report on MOS
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.
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