Accredited Investors Inc. Has $626,000 Position in The Mosaic Company (NYSE:MOS)

Accredited Investors Inc. cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 18.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,474 shares of the basic materials company’s stock after selling 5,815 shares during the quarter. Accredited Investors Inc.’s holdings in Mosaic were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased 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 worth $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in Mosaic in the 4th quarter valued at about $33,000. Tobam acquired a new stake in Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new position in Mosaic in the 4th quarter valued at $41,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Mosaic during the fourth quarter valued at about $55,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS opened at $24.02 on Thursday. The stock has a market cap of $7.61 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The stock’s 50-day moving average price is $25.93 and its two-hundred day moving average price is $26.15. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $33.18. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

Analyst Ratings Changes

MOS has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price on the stock. Piper Sandler reiterated a “neutral” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Wells Fargo & Company upped their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 19th. Finally, Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average target price of $32.58.

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.