Handelsbanken Fonder AB Trims Stock Position in The Mosaic Company (NYSE:MOS)

Handelsbanken Fonder AB decreased its stake in The Mosaic Company (NYSE:MOS) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,400 shares of the basic materials company’s stock after selling 3,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mosaic were worth $1,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Mosaic by 25.6% in the third quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock worth $824,000 after acquiring an additional 6,278 shares during the period. Blue Trust Inc. increased its stake in shares of Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 570 shares in the last quarter. Signaturefd LLC raised its holdings in Mosaic by 136.5% in the 3rd quarter. Signaturefd LLC now owns 4,652 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 2,685 shares during the period. International Assets Investment Management LLC boosted its position in Mosaic by 2,501.8% during the third quarter. International Assets Investment Management LLC now owns 156,761 shares of the basic materials company’s stock worth $4,198,000 after purchasing an additional 150,736 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Mosaic by 1.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 653 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on MOS shares. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley reduced their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Piper Sandler boosted their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Finally, Oppenheimer assumed coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus target price of $33.80.

Mosaic Stock Up 0.7 %

Shares of NYSE MOS opened at $25.51 on Wednesday. The stock has a market cap of $8.10 billion, a PE ratio of 22.57, a P/E/G ratio of 1.42 and a beta of 1.34. 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 Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The company has a 50-day moving average of $26.19 and a 200 day moving average of $26.48.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. 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 dividend yield of 3.45%. Mosaic’s dividend payout ratio is 77.88%.

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.