The Mosaic Company (NYSE:MOS) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its stake in shares of The Mosaic Company (NYSE:MOS) by 57.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,025 shares of the basic materials company’s stock after selling 27,166 shares during the period. Empowered Funds LLC’s holdings in Mosaic were worth $492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOS. Crossmark Global Holdings Inc. increased its position in shares of Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 354 shares during the last quarter. Blue Trust Inc. grew its stake in Mosaic by 46.4% during the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 570 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in 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 last quarter. Brooklyn Investment Group raised its position in shares of Mosaic by 110.8% in the 4th 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. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Mosaic by 1.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock valued at $1,099,000 after buying an additional 653 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MOS. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Morgan Stanley lowered their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.80.

Mosaic Stock Up 0.1 %

MOS opened at $27.13 on Thursday. The stock’s 50 day moving average price is $26.22 and its 200 day moving average price is $26.51. 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 cap of $8.62 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12 month low of $23.56 and a 12 month high of $33.44.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is 77.88%.

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.