Wealthfront Advisers LLC decreased its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 98.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,116 shares of the basic materials company's stock after selling 61,906 shares during the quarter. Wealthfront Advisers LLC's holdings in Mosaic were worth $27,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Marathon Trading Investment Management LLC bought a new position in Mosaic during the fourth quarter valued at $1,172,000. Daiwa Securities Group Inc. lifted its position in Mosaic by 7.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 41,699 shares of the basic materials company's stock valued at $1,025,000 after purchasing an additional 3,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mosaic by 25.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 217,115 shares of the basic materials company's stock valued at $5,337,000 after purchasing an additional 43,982 shares during the last quarter. Intellectus Partners LLC lifted its position in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Mosaic by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,700 shares of the basic materials company's stock valued at $1,197,000 after purchasing an additional 2,059 shares during the last quarter. Institutional investors own 77.54% of the company's stock.
Mosaic Trading Down 1.9 %
MOS stock traded down $0.55 during trading on Friday, hitting $27.83. The company had a trading volume of 7,382,409 shares, compared to its average volume of 4,290,300. The firm has a market capitalization of $8.82 billion, a P/E ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44. The company has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $26.17. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.
Mosaic Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is presently 160.00%.
Wall Street Analysts Forecast Growth
MOS has been the subject of several research reports. Morgan Stanley lowered their price objective 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. Royal Bank of Canada increased their price objective on shares of Mosaic from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their target price for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, Mizuho reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $32.67.
Get Our Latest Stock Report on Mosaic
Mosaic 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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