Mutual of America Capital Management LLC Trims Stake in The Mosaic Company (NYSE:MOS)

Mutual of America Capital Management LLC lessened its position in The Mosaic Company (NYSE:MOS) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,048 shares of the basic materials company’s stock after selling 1,186 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mosaic were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MOS. Proficio Capital Partners LLC purchased a new position in Mosaic during the fourth quarter valued at $1,054,000. Sterling Investment Advisors Ltd. bought a new position in shares of Mosaic in the 4th quarter worth about $3,364,000. Blackhawk Capital Partners LLC. lifted its position in Mosaic by 43.2% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 14,537 shares of the basic materials company’s stock valued at $357,000 after acquiring an additional 4,383 shares during the period. Howard Capital Management Inc. boosted its stake in Mosaic by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 96,560 shares of the basic materials company’s stock worth $2,373,000 after acquiring an additional 2,764 shares in the last quarter. Finally, Oxbow Advisors LLC grew its holdings in Mosaic by 0.6% in the fourth quarter. Oxbow Advisors LLC now owns 203,590 shares of the basic materials company’s stock worth $5,004,000 after purchasing an additional 1,293 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 1.5 %

Mosaic stock opened at $25.10 on Monday. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44. The business’s fifty day moving average is $26.22 and its 200 day moving average is $26.29. The stock has a market capitalization of $7.95 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. 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 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 3.51%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

MOS has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $26.00 to $29.00 in a report on Monday, March 3rd. 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 research note on Monday, January 13th. Piper Sandler increased their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Mizuho reduced their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $31.70.

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.