The Mosaic Company $MOS Shares Sold by S&CO Inc.

S&CO Inc. reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,075,818 shares of the basic materials company’s stock after selling 55,775 shares during the quarter. Mosaic accounts for 2.3% of S&CO Inc.’s holdings, making the stock its 11th largest position. S&CO Inc. owned approximately 0.34% of Mosaic worth $37,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its stake in shares of Mosaic by 2.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock valued at $447,000 after purchasing an additional 333 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 380 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Mosaic by 57.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 415 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Mosaic by 172.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of Mosaic by 11.5% during the third quarter. Exchange Traded Concepts LLC now owns 4,300 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 444 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

MOS opened at $29.60 on Tuesday. The company’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $29.21. The stock has a market capitalization of $9.40 billion, a PE ratio of 7.67, a P/E/G ratio of 1.29 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, March 9th. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOS. Barclays reduced their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Canadian Imperial Bank of Commerce cut their price objective on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Morgan Stanley boosted their target price on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, BNP Paribas Exane reduced their price target on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Seven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.