Grantham Mayo Van Otterloo & Co. LLC Sells 65,824 Shares of The Mosaic Company (NYSE:MOS)

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in The Mosaic Company (NYSE:MOS) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 732,013 shares of the basic materials company’s stock after selling 65,824 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.23% of Mosaic worth $17,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MOS. Brooklyn Investment Group boosted its stake 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 valued at $27,000 after buying an additional 587 shares during the period. R Squared Ltd acquired a new position in Mosaic in the 4th quarter valued at $33,000. Tobam bought a new stake in shares of Mosaic during the 4th quarter valued at $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic during the 4th quarter worth $41,000. Finally, Ethos Financial Group LLC bought a new position in shares of Mosaic in the fourth quarter worth $55,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS opened at $23.48 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.44 billion, a PE ratio of 20.77, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12-month low of $22.48 and a 12-month high of $33.44. The business has a 50-day simple moving average of $26.39 and a two-hundred day simple moving average of $26.23.

Mosaic Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.75%. Mosaic’s dividend payout ratio is presently 160.00%.

Analysts Set New Price Targets

MOS has been the topic of a number of analyst reports. Piper Sandler reiterated a “neutral” rating on shares of Mosaic in a research note on Thursday, March 27th. Royal Bank of Canada increased their price target on shares of Mosaic from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday. Oppenheimer upgraded shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Thursday, March 20th. Wells Fargo & Company raised their target price on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Finally, Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.83.

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.