Rhumbline Advisers Has $14.05 Million Stock Position in The Mosaic Company (NYSE:MOS)

Rhumbline Advisers lowered its position in shares of The Mosaic Company (NYSE:MOS) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,668 shares of the basic materials company’s stock after selling 6,157 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Mosaic worth $14,052,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MOS. Crossmark Global Holdings Inc. increased its position in Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 354 shares in the last quarter. Blue Trust Inc. increased its position in Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 570 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position 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 valued at $799,000 after acquiring an additional 570 shares in the last quarter. Brooklyn Investment Group increased its position in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 587 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Mosaic by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock valued at $1,099,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Barclays cut shares of Mosaic from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.80.

Mosaic Stock Down 3.2 %

Mosaic stock opened at $25.77 on Friday. The company’s 50 day simple moving average is $26.20 and its 200 day simple moving average is $26.50. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 22.80, 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.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.42%. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Mosaic 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.