Smartleaf Asset Management LLC Cuts Stock Position in The Mosaic Company (NYSE:MOS)

Smartleaf Asset Management LLC lessened its position in The Mosaic Company (NYSE:MOS) by 29.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,093 shares of the basic materials company’s stock after selling 449 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Mosaic were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of 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 buying an additional 587 shares during the period. R Squared Ltd purchased a new stake in shares of Mosaic in the 4th quarter valued at $33,000. Tobam purchased a new stake in shares of Mosaic in the 4th quarter valued at $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic during the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC increased its holdings in Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the topic of several recent research reports. Scotiabank cut their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a report on Monday, March 3rd. Oppenheimer initiated coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Morgan Stanley cut their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Finally, Royal Bank of Canada upped their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.70.

Mosaic Trading Down 0.7 %

NYSE:MOS opened at $24.69 on Thursday. The stock has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $26.23. The stock has a market cap of $7.82 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.56%. Mosaic’s dividend payout ratio is 160.00%.

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.