The Mosaic Company (NYSE:MOS) Stock Position Decreased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,310 shares of the basic materials company’s stock after selling 1,146 shares during the period. Farther Finance Advisors LLC’s holdings in Mosaic were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Mosaic by 13.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,251 shares of the basic materials company’s stock valued at $252,000 after buying an additional 1,203 shares during the last quarter. Moors & Cabot Inc. grew 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 buying an additional 10,664 shares during the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of Mosaic during the 4th quarter valued at about $1,172,000. Daiwa Securities Group Inc. grew its position in shares of Mosaic by 7.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 41,699 shares of the basic materials company’s stock valued at $1,025,000 after buying an additional 3,060 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mosaic by 25.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 217,115 shares of the basic materials company’s stock worth $5,337,000 after purchasing an additional 43,982 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 2.4 %

MOS stock opened at $27.18 on Wednesday. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The firm has a market cap of $8.61 billion, a PE ratio of 24.05, a P/E/G ratio of 1.42 and a beta of 1.34. The firm has a 50 day simple moving average of $26.34 and a 200 day simple moving average of $26.15. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is 160.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. The Goldman Sachs Group assumed coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price for the company. Barclays upgraded shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price for the company in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average price target of $31.64.

Mosaic Company 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.