Accredited Investors Inc. Sells 5,815 Shares of The Mosaic Company (NYSE:MOS)

Accredited Investors Inc. lessened its holdings in The Mosaic Company (NYSE:MOS) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,474 shares of the basic materials company’s stock after selling 5,815 shares during the period. Accredited Investors Inc.’s holdings in Mosaic were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MOS. Treasurer of the State of North Carolina raised its stake in Mosaic by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 140,676 shares of the basic materials company’s stock worth $3,458,000 after buying an additional 880 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Mosaic during the 4th quarter valued at $3,599,000. APG Asset Management N.V. raised its stake in Mosaic by 202.8% in the fourth quarter. APG Asset Management N.V. now owns 236,951 shares of the basic materials company’s stock worth $5,625,000 after buying an additional 158,704 shares in the last quarter. Invesco Ltd. boosted its stake in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after purchasing an additional 3,058,243 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Mosaic by 11.8% during the fourth quarter. Bank of Montreal Can now owns 744,124 shares of the basic materials company’s stock worth $18,291,000 after acquiring an additional 78,495 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on MOS shares. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Piper Sandler reiterated a “neutral” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 price target on the stock. Wells Fargo & Company increased their price target on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Finally, Mizuho reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Hold” and an average price target of $32.58.

Mosaic Price Performance

Shares of MOS opened at $24.02 on Thursday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $33.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $26.15. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

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.