Sanctuary Advisors LLC Trims Stock Position in The Mosaic Company (NYSE:MOS)

Sanctuary Advisors LLC decreased its position in shares of The Mosaic Company (NYSE:MOS) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,464 shares of the basic materials company’s stock after selling 4,117 shares during the quarter. Sanctuary Advisors LLC’s holdings in Mosaic were worth $183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in shares of 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 purchasing an additional 354 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Mosaic by 1.8% in the fourth 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 during the period. Brooklyn Investment Group boosted its holdings in shares of Mosaic by 110.8% in the fourth 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 during the period. Confluence Investment Management LLC grew its position in shares of Mosaic by 6.3% during the fourth quarter. Confluence Investment Management LLC now owns 14,527 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 863 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Mosaic by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company’s stock valued at $2,664,000 after acquiring an additional 932 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $24.18 on Thursday. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.42 and a beta of 1.34. The business’s 50 day moving average is $26.19 and its two-hundred day moving average is $26.34. The Mosaic Company has a 12-month low of $22.48 and a 12-month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 yield of 3.64%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is currently 160.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on MOS shares. CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Scotiabank decreased their target price on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday. Morgan Stanley dropped their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded 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 research note on Monday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.70.

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.