Vanguard Group Inc. Has $952.24 Million Holdings in The Mosaic Company (NYSE:MOS)

Vanguard Group Inc. decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,740,398 shares of the basic materials company’s stock after selling 618,956 shares during the quarter. Vanguard Group Inc. owned about 12.20% of Mosaic worth $952,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC acquired a new stake in Mosaic in the third quarter worth $299,000. Cerity Partners LLC grew its stake in shares of Mosaic by 159.0% in the 3rd quarter. Cerity Partners LLC now owns 61,401 shares of the basic materials company’s stock valued at $1,644,000 after buying an additional 37,695 shares during the period. Larson Financial Group LLC grew its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares during the period. Daiwa Securities Group Inc. increased its position in Mosaic by 10.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 38,639 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 3,675 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Mosaic by 23.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,271 shares of the basic materials company’s stock worth $275,000 after buying an additional 1,929 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MOS. Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Royal Bank of Canada boosted their price target on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Wells Fargo & Company upped their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th. Piper Sandler lifted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Mizuho lowered their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Mosaic has an average rating of “Hold” and a consensus price target of $32.67.

Mosaic Price Performance

Mosaic stock opened at $27.26 on Friday. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. The company’s 50 day moving average price is $26.58 and its two-hundred day moving average price is $26.20. The stock has a market cap of $8.64 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.42 and a beta of 1.34. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.23%. Mosaic’s dividend payout ratio (DPR) is currently 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.