Wellington Management Group LLP Decreases Stock Position in The Mosaic Company (NYSE:MOS)

Wellington Management Group LLP reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 41.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,232 shares of the basic materials company's stock after selling 239,153 shares during the quarter. Wellington Management Group LLP owned 0.10% of Mosaic worth $8,166,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MOS. Allianz SE bought a new stake in shares of Mosaic during the fourth quarter worth approximately $1,363,000. Allstate Corp acquired a new stake in Mosaic during the fourth quarter worth about $235,000. Nomura Asset Management Co. Ltd. increased its stake in Mosaic by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 100,156 shares of the basic materials company's stock valued at $2,462,000 after acquiring an additional 683 shares during the last quarter. Norges Bank acquired a new position in Mosaic during the fourth quarter valued at approximately $97,363,000. Finally, Blair William & Co. IL increased its stake in shares of Mosaic by 15.1% in the 4th quarter. Blair William & Co. IL now owns 34,962 shares of the basic materials company's stock valued at $859,000 after purchasing an additional 4,574 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Up 3.7 %

MOS traded up $0.98 during trading on Wednesday, hitting $27.37. 933,340 shares of the company's stock traded hands, compared to its average volume of 4,571,391. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $32.29. The company's 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $26.14. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.42 and a beta of 1.04.

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Mosaic Announces Dividend

The firm 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. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.21%. Mosaic's dividend payout ratio (DPR) is 160.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MOS shares. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Barclays upgraded Mosaic from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Royal Bank of Canada upped their price objective on shares of Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Finally, Wells Fargo & Company upped their price target on Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.58.

Mosaic Company Profile

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.