Wells Fargo & Company MN Has $7.64 Million Stock Position in The Mosaic Company (NYSE:MOS)

Wells Fargo & Company MN decreased its position in The Mosaic Company (NYSE:MOS - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,912 shares of the basic materials company's stock after selling 290,383 shares during the quarter. Wells Fargo & Company MN owned 0.10% of Mosaic worth $7,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MOS. Brooklyn Investment Group raised its stake 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 valued at $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd purchased a new stake in Mosaic in the 4th quarter worth approximately $33,000. Tobam acquired a new position in Mosaic in the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic during the 4th quarter valued at $41,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Mosaic during the 4th quarter valued at about $55,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Up 3.3 %

Shares of MOS stock traded up $0.92 on Thursday, hitting $28.87. 1,928,596 shares of the stock were exchanged, compared to its average volume of 4,604,433. 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 firm has a market capitalization of $9.15 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $32.29. The business has a 50-day moving average of $25.88 and a 200 day moving average of $26.16.

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 issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.05%. Mosaic's dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho lowered their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Scotiabank lifted their price target on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 19th. UBS Group lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company upped their target price on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Finally, BNP Paribas raised Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Seven equities research 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 data from MarketBeat, Mosaic presently has an average rating of "Moderate Buy" and an average target price of $32.42.

Mosaic 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.