New York Life Investment Management LLC Sells 4,808 Shares of The Mosaic Company (NYSE:MOS)

New York Life Investment Management LLC cut its holdings in The Mosaic Company (NYSE:MOS) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,335 shares of the basic materials company’s stock after selling 4,808 shares during the quarter. New York Life Investment Management LLC’s holdings in Mosaic were worth $1,852,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Mosaic by 2.2% during the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after purchasing an additional 178,844 shares during the period. Two Sigma Advisers LP grew its position in shares of Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after buying an additional 947,500 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after acquiring an additional 986,812 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Mosaic by 13.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after acquiring an additional 359,760 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Mosaic by 190.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after acquiring an additional 1,045,812 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

NYSE:MOS opened at $23.90 on Monday. The firm’s fifty day moving average price is $26.23 and its two-hundred day moving average price is $26.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market cap of $7.59 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a one year low of $23.05 and a one year high of $33.44.

Mosaic Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.68%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 77.88%.

Analyst Ratings Changes

Several research firms have weighed in on MOS. Mizuho increased their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. CIBC started coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Morgan Stanley dropped their target price 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average price target of $33.22.

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.