Amundi Sells 1,485,905 Shares of The Mosaic Company (NYSE:MOS)

Amundi decreased its position in The Mosaic Company (NYSE:MOS) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,283,617 shares of the basic materials company’s stock after selling 1,485,905 shares during the quarter. Amundi’s holdings in Mosaic were worth $56,332,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MOS. Crossmark Global Holdings Inc. grew its stake in shares of Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 354 shares in the last quarter. Entropy Technologies LP bought a new position in Mosaic during the third quarter valued at about $357,000. GSA Capital Partners LLP bought a new position in Mosaic during the third quarter valued at about $244,000. Aigen Investment Management LP grew its position in Mosaic by 284.7% during the third quarter. Aigen Investment Management LP now owns 36,995 shares of the basic materials company’s stock valued at $991,000 after buying an additional 27,378 shares during the period. Finally, Huntington National Bank grew its position in Mosaic by 85.2% during the third quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock valued at $59,000 after buying an additional 1,007 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their price target for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Mizuho reduced their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada increased their price target on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Scotiabank reduced their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research report on Monday, March 3rd. Finally, Oppenheimer started coverage on shares of Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $31.70.

Mosaic Price Performance

NYSE MOS opened at $24.86 on Wednesday. The company has a market cap of $7.88 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $26.25 and its two-hundred day simple moving average is $26.24.

Mosaic Increases Dividend

The company also recently declared 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 represents a $0.88 dividend on an annualized basis and a dividend yield of 3.54%. 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 160.00%.

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.