The Mosaic Company (NYSE:MOS) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its holdings in The Mosaic Company (NYSE:MOS) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,857 shares of the basic materials company’s stock after selling 2,639 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Mosaic were worth $439,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares during the last quarter. R Squared Ltd acquired a new position in shares of Mosaic in the 4th quarter valued at about $33,000. Tobam acquired a new position in shares of Mosaic in the 4th quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic in the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC lifted its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $24.69 on Thursday. The company has a market cap of $7.82 billion, a P/E ratio of 21.85, a PEG ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44. The business’s 50-day simple moving average is $26.25 and its 200 day simple moving average is $26.23.

Mosaic Increases Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.56%. Mosaic’s payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MOS. CIBC began coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Mizuho reduced their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Barclays raised Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, Scotiabank reduced their price objective on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.