First Trust Advisors LP Sells 123,738 Shares of The Mosaic Company (NYSE:MOS)

First Trust Advisors LP reduced its position in shares of The Mosaic Company (NYSE:MOS) by 14.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 728,285 shares of the basic materials company’s stock after selling 123,738 shares during the quarter. First Trust Advisors LP owned about 0.23% of Mosaic worth $17,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co lifted its position in Mosaic by 319.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 825,046 shares of the basic materials company’s stock valued at $20,260,000 after purchasing an additional 628,251 shares during the last quarter. United Capital Financial Advisors LLC raised its position in shares of Mosaic by 7.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company’s stock valued at $220,000 after buying an additional 592 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Mosaic by 29.4% in the 4th quarter. Guggenheim Capital LLC now owns 44,019 shares of the basic materials company’s stock valued at $1,082,000 after acquiring an additional 10,013 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Mosaic in the fourth quarter worth about $5,033,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Mosaic during the fourth quarter worth approximately $104,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

MOS opened at $29.12 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $25.97 and its 200-day simple moving average is $26.21. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.42 and a beta of 1.04. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $32.29.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.02%. Mosaic’s dividend payout ratio is currently 160.00%.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of recent research reports. Scotiabank lifted their target price on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 19th. Piper Sandler reiterated a “neutral” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Mizuho lowered their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Finally, UBS Group reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Moderate Buy” and an average price target of $32.42.

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.