Vontobel Holding Ltd. Sells 21,858 Shares of The Mosaic Company (NYSE:MOS)

Vontobel Holding Ltd. lessened its stake in The Mosaic Company (NYSE:MOS) by 51.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group increased its holdings in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. R Squared Ltd bought a new stake in shares of Mosaic in the fourth quarter worth about $33,000. Tobam bought a new stake in shares of Mosaic in the fourth quarter worth about $38,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC increased its holdings in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Finally, Piper Sandler upped 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $33.80.

Mosaic Stock Performance

Shares of Mosaic stock opened at $27.13 on Thursday. The Mosaic Company has a one year low of $23.56 and a one year high of $33.44. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.42 and a beta of 1.34. The business has a 50-day simple moving average of $26.22 and a 200 day simple moving average of $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.

Mosaic Increases Dividend

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

About Mosaic

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.