The Mosaic Company (NYSE:MOS) Shares Sold by SouthState Corp

SouthState Corp lessened its stake in shares of The Mosaic Company (NYSE:MOS) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,603 shares of the basic materials company’s stock after selling 4,698 shares during the quarter. SouthState Corp’s holdings in Mosaic were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Mosaic during the 4th quarter valued at $2,832,000. Natixis Advisors LLC raised its position in Mosaic by 65.9% in the fourth quarter. Natixis Advisors LLC now owns 18,506 shares of the basic materials company’s stock worth $455,000 after acquiring an additional 7,352 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Mosaic by 115.1% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 1,694 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Mosaic by 13.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,251 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of Mosaic by 136.2% during the 4th quarter. Moors & Cabot Inc. now owns 18,495 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 10,664 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MOS shares. The Goldman Sachs Group started coverage on shares of Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 target price for the company. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Royal Bank of Canada increased their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Finally, Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average price target of $31.64.

Mosaic Stock Up 2.4 %

Shares of Mosaic stock opened at $26.52 on Tuesday. The stock has a 50-day simple moving average of $26.30 and a 200-day simple moving average of $26.16. The Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. 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.