Pekin Hardy Strauss Inc. Cuts Stock Position in The Mosaic Company (NYSE:MOS)

Pekin Hardy Strauss Inc. trimmed its position in shares of The Mosaic Company (NYSE:MOS) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,751 shares of the basic materials company’s stock after selling 5,694 shares during the quarter. Mosaic accounts for approximately 1.0% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 21st largest position. Pekin Hardy Strauss Inc. owned 0.10% of Mosaic worth $7,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MOS. Allianz Asset Management GmbH boosted its stake in Mosaic by 190.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the period. Two Sigma Advisers LP boosted its stake in Mosaic by 40.6% during the third 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. Donald Smith & CO. Inc. boosted its stake in Mosaic by 32.1% during the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after buying an additional 668,347 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Mosaic by 13.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after buying an additional 359,760 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on MOS shares. Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Piper Sandler lifted their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley decreased their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $33.80.

Mosaic Stock Performance

MOS stock opened at $25.77 on Friday. 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 business has a 50-day moving average price of $26.20 and a 200 day moving average price of $26.50. The company has a market capitalization of $8.18 billion, a P/E ratio of 22.80, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1-year low of $23.56 and a 1-year high of $33.44.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.42%. Mosaic’s 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.