US Bancorp DE lowered its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,821 shares of the basic materials company's stock after selling 11,714 shares during the quarter. US Bancorp DE's holdings in Mosaic were worth $364,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock valued at $625,000 after purchasing an additional 354 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Mosaic by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock valued at $799,000 after buying an additional 570 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after acquiring an additional 587 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Mosaic by 7.0% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company's stock worth $237,000 after acquiring an additional 619 shares during the period. Finally, Confluence Investment Management LLC lifted its position in Mosaic by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 14,527 shares of the basic materials company's stock valued at $357,000 after acquiring an additional 863 shares in the last quarter. Institutional investors own 77.54% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on MOS shares. Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They issued a "market perform" rating on the stock. Mizuho decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Morgan Stanley reduced their target price 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. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Barclays upgraded shares of Mosaic from an "underweight" rating to an "equal weight" rating and set a $27.00 price objective for the company in a research note on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.64.
Check Out Our Latest Stock Report on Mosaic
Mosaic Stock Performance
NYSE MOS traded up $0.62 during trading on Monday, reaching $26.52. 4,553,564 shares of the company's stock were exchanged, compared to its average volume of 4,233,047. 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 stock has a market capitalization of $8.41 billion, a P/E ratio of 23.47, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $22.48 and a fifty-two week high of $33.44. The business has a 50 day moving average price of $26.28 and a 200-day moving average price of $26.17.
Mosaic Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. Mosaic's dividend payout ratio is presently 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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