Tredje AP fonden Sells 11,422 Shares of The Mosaic Company (NYSE:MOS)

Tredje AP fonden lessened its stake in The Mosaic Company (NYSE:MOS) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,423 shares of the basic materials company’s stock after selling 11,422 shares during the period. Tredje AP fonden’s holdings in Mosaic were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MOS. Crossmark Global Holdings Inc. grew its position in shares of Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after buying an additional 354 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Mosaic during the 3rd quarter valued at about $357,000. GSA Capital Partners LLP bought a new stake in shares of Mosaic during the 3rd quarter valued at about $244,000. Huntington National Bank boosted its position in shares of Mosaic by 85.2% during the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Mosaic by 19.5% during the 3rd quarter. Metis Global Partners LLC now owns 29,003 shares of the basic materials company’s stock valued at $777,000 after purchasing an additional 4,740 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MOS. Barclays upgraded Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and upped their target price for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Wells Fargo & Company cut their target price on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada increased their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group started coverage on Mosaic in a research note on Thursday. They issued a “buy” rating and a $31.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.64.

Mosaic Stock Performance

Shares of Mosaic stock opened at $25.91 on Friday. The business’s fifty day simple moving average is $26.28 and its 200 day simple moving average is $26.19. The firm has a market capitalization of $8.21 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is 160.00%.

About Mosaic

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.