Wedge Capital Management L L P NC cut its stake in shares of Mosaic Co (NYSE:MOS) by 9.1% in the 4th quarter, Holdings Channel reports. The firm owned 365,663 shares of the basic materials company’s stock after selling 36,619 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Mosaic were worth $9,383,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MOS. YorkBridge Wealth Partners LLC boosted its position in Mosaic by 13,636.4% during the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares during the last quarter. Cerebellum GP LLC acquired a new position in Mosaic during the fourth quarter valued at approximately $130,000. UMB Bank N A MO acquired a new position in Mosaic during the fourth quarter valued at approximately $222,000. Koch Industries Inc. acquired a new position in Mosaic during the second quarter valued at approximately $225,000. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Mosaic during the third quarter valued at approximately $243,000. 76.81% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. Stephens assumed coverage on Mosaic in a research report on Friday. They issued an “overweight” rating for the company. Zacks Investment Research raised Mosaic from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Monday, January 22nd. Cowen reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Mosaic in a research report on Friday, January 12th. Royal Bank of Canada raised their price objective on Mosaic from $24.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. assumed coverage on Mosaic in a research report on Friday, January 12th. They issued a “neutral” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Mosaic currently has an average rating of “Hold” and a consensus price target of $24.98.
Shares of Mosaic Co (NYSE MOS) opened at $24.78 on Tuesday. The firm has a market capitalization of $9,141.32, a P/E ratio of 25.53, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78. Mosaic Co has a fifty-two week low of $19.23 and a fifty-two week high of $34.36.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, March 1st will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.10 annualized dividend and a yield of 0.40%. Mosaic’s payout ratio is currently 10.42%.
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Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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