Wealthfront Advisers LLC Decreases Stock Holdings in The Mosaic Company (NYSE:MOS)

Wealthfront Advisers LLC decreased its holdings in The Mosaic Company (NYSE:MOS) by 98.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,116 shares of the basic materials company’s stock after selling 61,906 shares during the quarter. Wealthfront Advisers LLC’s holdings in Mosaic were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MOS. Brooklyn Investment Group grew its stake in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 587 shares during the period. R Squared Ltd bought a new stake in shares of Mosaic during the 4th quarter valued at about $33,000. Tobam bought a new stake in shares of Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic during the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC grew its stake in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

MOS has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Royal Bank of Canada boosted their price objective on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Mizuho cut their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Piper Sandler boosted their price objective on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average target price of $31.64.

Mosaic Stock Up 2.4 %

Shares of MOS opened at $27.18 on Wednesday. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44. The business’s 50 day simple moving average is $26.34 and its 200-day simple moving average is $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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.24%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio is 160.00%.

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.