Davidson Investment Advisors Trims Stock Position in The Mosaic Company (NYSE:MOS)

Davidson Investment Advisors cut its holdings in The Mosaic Company (NYSE:MOS) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 253,048 shares of the basic materials company’s stock after selling 45,598 shares during the period. Davidson Investment Advisors owned 0.08% of Mosaic worth $6,220,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MOS. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares during the period. R Squared Ltd purchased a new position in shares of Mosaic during the 4th quarter worth approximately $33,000. Tobam acquired a new stake in Mosaic in the 4th quarter valued at approximately $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC lifted its stake in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOS has been the topic of several research reports. Oppenheimer initiated coverage on Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating on the stock. Piper Sandler upped their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. 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. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $30.00 to $27.00 in a research note on Tuesday, January 21st. Finally, CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $33.80.

Mosaic Price Performance

Shares of NYSE:MOS opened at $26.54 on Tuesday. 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 Mosaic Company has a 12 month low of $23.56 and a 12 month high of $33.44. The firm has a market capitalization of $8.43 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.42 and a beta of 1.34. The company’s fifty day moving average price is $26.19 and its 200 day moving average price is $26.51.

Mosaic Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. Mosaic’s dividend payout ratio is 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.