The Mosaic Company (NYSE:MOS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of The Mosaic Company (NYSE:MOS) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 925,931 shares of the basic materials company’s stock after selling 529,533 shares during the quarter. Legal & General Group Plc owned 0.29% of Mosaic worth $22,759,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Intellectus Partners LLC boosted 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 purchasing an additional 400 shares during the period. Arizona State Retirement System lifted its stake in Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock valued at $2,275,000 after buying an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Mosaic by 1.8% in the fourth 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 during the period. Brooklyn Investment Group increased its position in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Mosaic by 7.0% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 619 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MOS shares. Morgan Stanley lowered their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and upped their price target for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Mizuho decreased their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a report on Thursday, March 20th. Finally, Piper Sandler reissued a “neutral” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and a consensus price target of $32.58.

Mosaic Stock Up 6.3 %

Shares of MOS stock opened at $25.72 on Monday. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.42 and a beta of 1.04. 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 stock’s 50 day simple moving average is $25.82 and its 200 day simple moving average is $26.14. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $32.29.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 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.