Catalyst Capital Advisors LLC Sells 1,061 Shares of The Mosaic Company (NYSE:MOS)

Catalyst Capital Advisors LLC reduced its stake in The Mosaic Company (NYSE:MOS) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,456 shares of the basic materials company’s stock after selling 1,061 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Mosaic were worth $1,339,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its stake in Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 354 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Mosaic by 5.1% during the third quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 426 shares during the last quarter. Blue Trust Inc. lifted its stake in Mosaic by 46.4% during the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 570 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock worth $799,000 after purchasing an additional 570 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Oppenheimer assumed coverage on Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. Morgan Stanley cut their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. CIBC began coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.80.

Mosaic Stock Performance

NYSE MOS opened at $26.54 on Monday. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44. The stock has a fifty day simple moving average of $26.18 and a 200 day simple moving average of $26.52. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.32%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is presently 74.34%.

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.