Lipe & Dalton Sells 1,735 Shares of The Mosaic Company (NYSE:MOS)

Lipe & Dalton reduced its position in shares of The Mosaic Company (NYSE:MOS) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,580 shares of the basic materials company’s stock after selling 1,735 shares during the quarter. Mosaic accounts for approximately 1.6% of Lipe & Dalton’s investment portfolio, making the stock its 21st biggest holding. Lipe & Dalton’s holdings in Mosaic were worth $2,988,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Mosaic by 25.6% in the 3rd quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 6,278 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after buying an additional 570 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Mosaic by 136.5% during the 3rd quarter. Signaturefd LLC now owns 4,652 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 2,685 shares during the period. Greenleaf Trust increased its holdings in shares of Mosaic by 21.7% during the 3rd quarter. Greenleaf Trust now owns 15,061 shares of the basic materials company’s stock worth $403,000 after acquiring an additional 2,684 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Mosaic by 2,501.8% in the 3rd quarter. International Assets Investment Management LLC now owns 156,761 shares of the basic materials company’s stock valued at $4,198,000 after acquiring an additional 150,736 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Piper Sandler lifted their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. CIBC started coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.80.

Mosaic Price Performance

MOS stock opened at $25.77 on Friday. The company’s 50-day moving average price is $26.20 and its two-hundred day moving average price is $26.51. The firm has a market cap of $8.18 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.42 and a beta of 1.34. 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 Mosaic Company has a 12 month low of $23.56 and a 12 month high of $33.44.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio is currently 74.34%.

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.