Elo Mutual Pension Insurance Co Sells 6,574 Shares of The Mosaic Company (NYSE:MOS)

Elo Mutual Pension Insurance Co decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,974 shares of the basic materials company’s stock after selling 6,574 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Mosaic were worth $540,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Mosaic by 2.2% during the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after acquiring an additional 178,844 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock valued at $82,800,000 after purchasing an additional 150,186 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Mosaic by 40.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after buying an additional 947,500 shares during the period. Allianz Asset Management GmbH grew its position in shares of Mosaic by 190.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after buying an additional 117,838 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 0.8 %

NYSE:MOS opened at $27.26 on Monday. The company’s 50 day moving average is $26.58 and its two-hundred day moving average is $26.22. The company has a market cap of $8.64 billion, a PE ratio of 24.13, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a twelve month low of $22.48 and a twelve 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic’s payout ratio is 160.00%.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Wells Fargo & Company increased their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. CIBC assumed coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Mizuho lowered their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley cut their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.67.

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.