The Mosaic Company (NYSE:MOS) Stock Position Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its position in The Mosaic Company (NYSE:MOS) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,310 shares of the basic materials company’s stock after selling 1,146 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mosaic were worth $229,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Intellectus Partners LLC lifted its position in shares of Mosaic by 3.3% in the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock valued at $304,000 after acquiring an additional 400 shares in the last quarter. Arizona State Retirement System lifted its position in Mosaic by 0.5% in the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after buying an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 worth $799,000 after buying an additional 570 shares in the last quarter. Brooklyn Investment Group lifted 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 worth $27,000 after buying an additional 587 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its position in Mosaic by 7.0% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock worth $237,000 after buying an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE:MOS opened at $27.18 on Wednesday. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44. The firm’s fifty day simple moving average is $26.34 and its 200 day simple moving average is $26.15. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.61 billion, a PE ratio of 24.05, a PEG ratio of 1.42 and a beta of 1.34.

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 paid a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.24%. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of research analyst reports. Barclays upgraded shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price for the company in a research report on Wednesday, March 5th. Mizuho cut their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. CIBC began coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Morgan Stanley dropped their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Piper Sandler increased their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.64.

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.