Vontobel Holding Ltd. lowered its position in The Mosaic Company (NYSE:MOS - Free Report) by 51.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,880 shares of the basic materials company's stock after selling 21,858 shares during the quarter. Vontobel Holding Ltd.'s holdings in Mosaic were worth $513,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Asset Management One Co. Ltd. lifted its holdings in shares of Mosaic by 1.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company's stock worth $2,933,000 after purchasing an additional 1,489 shares during the period. Tobam purchased a new stake in shares of Mosaic during the 4th quarter worth about $38,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Mosaic by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock worth $799,000 after purchasing an additional 570 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Mosaic by 12.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,689 shares of the basic materials company's stock worth $1,548,000 after acquiring an additional 7,282 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of Mosaic by 6.1% in the 4th quarter. Yousif Capital Management LLC now owns 52,487 shares of the basic materials company's stock valued at $1,290,000 after acquiring an additional 3,010 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.
Mosaic Price Performance
Shares of NYSE MOS traded down $0.84 during mid-day trading on Friday, hitting $25.78. 2,573,883 shares of the company's stock traded hands, compared to its average volume of 4,747,889. 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 company has a market capitalization of $8.19 billion, a P/E ratio of 22.80, a PEG ratio of 1.45 and a beta of 1.34. The company's 50-day moving average is $26.22 and its two-hundred day moving average is $26.51. The Mosaic Company has a 1 year low of $23.56 and a 1 year high of $33.44.
Mosaic Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Mosaic's previous quarterly dividend of $0.21. Mosaic's dividend payout ratio (DPR) is currently 74.34%.
Wall Street Analysts Forecast Growth
MOS has been the subject of a number of recent research reports. Oppenheimer initiated coverage on Mosaic in a research note on Thursday, December 12th. They set a "market perform" rating for the company. Morgan Stanley decreased their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Piper Sandler raised their price objective on Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Mizuho raised their price objective on Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.80.
Read Our Latest Stock Analysis on MOS
Mosaic Company Profile
(
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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