Securian Asset Management Inc. Has $420,000 Stock Holdings in The Mosaic Company (NYSE:MOS)

Securian Asset Management Inc. trimmed its position in The Mosaic Company (NYSE:MOS) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,071 shares of the basic materials company’s stock after selling 552 shares during the quarter. Securian Asset Management Inc.’s holdings in Mosaic were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Brooklyn Investment Group increased its stake in shares of Mosaic by 110.8% in 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 period. R Squared Ltd bought a new position in Mosaic in the 4th quarter worth approximately $33,000. Tobam acquired a new position in shares of Mosaic during the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC grew its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Oppenheimer began coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. Morgan Stanley reduced their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 target price on the stock. Royal Bank of Canada upped their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, March 4th. Finally, Barclays raised Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.64.

Mosaic Price Performance

Shares of MOS stock opened at $26.52 on Tuesday. The stock’s fifty day simple moving average is $26.30 and its 200 day simple moving average is $26.16. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. Mosaic’s dividend payout ratio is presently 160.00%.

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.