Commonwealth Equity Services LLC Lowers Stock Position in The Mosaic Company (NYSE:MOS)

Commonwealth Equity Services LLC reduced its position in shares of The Mosaic Company (NYSE:MOS) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,678 shares of the basic materials company’s stock after selling 22,787 shares during the period. Commonwealth Equity Services LLC’s holdings in Mosaic were worth $1,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MOS. Allianz Asset Management GmbH lifted its position in shares of Mosaic by 190.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after acquiring an additional 947,500 shares during the period. Geode Capital Management LLC boosted its position in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after purchasing an additional 178,844 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Mosaic in the 4th quarter valued at $3,599,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Price Performance

Mosaic stock opened at $27.26 on Monday. The business has a fifty day moving average price of $26.58 and a 200-day moving average price of $26.22. The firm has a market capitalization of $8.64 billion, a P/E ratio of 24.13, a PEG 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. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is presently 160.00%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MOS shares. Piper Sandler lifted 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. Royal Bank of Canada lifted their price objective on shares of Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Scotiabank lifted their price target on shares of Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company upped their price objective on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $32.67.

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.