The Mosaic Company (NYSE:MOS) Position Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,716 shares of the basic materials company’s stock after selling 1,095 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mosaic were worth $456,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Tobam bought a new stake in Mosaic during the fourth quarter worth approximately $38,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Mosaic by 1.8% in 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 period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Mosaic by 12.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,689 shares of the basic materials company’s stock worth $1,548,000 after purchasing an additional 7,282 shares during the period. Yousif Capital Management LLC boosted its stake in Mosaic by 6.1% in the 4th quarter. Yousif Capital Management LLC now owns 52,487 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 3,010 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Mosaic by 9.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,944 shares of the basic materials company’s stock worth $392,000 after purchasing an additional 1,369 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MOS shares. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley decreased 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 note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. Oppenheimer started coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Finally, Piper Sandler raised their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.80.

Mosaic Stock Down 1.7 %

MOS stock opened at $25.33 on Tuesday. The Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.42 and a beta of 1.34. The company has a 50 day moving average of $26.19 and a two-hundred day moving average of $26.49.

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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.47%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 77.88%.

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.