The Mosaic Company $MOS Stock Position Cut by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its position in The Mosaic Company (NYSE:MOS) by 10.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 240,291 shares of the basic materials company’s stock after selling 26,782 shares during the period. Mosaic makes up about 0.8% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 25th largest position. Pekin Hardy Strauss Inc.’s holdings in Mosaic were worth $8,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the last quarter. Rothschild Investment LLC increased its position in Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after buying an additional 650 shares during the period. Rexford Capital Inc. bought a new position in Mosaic during the second quarter worth $28,000. Finally, True Wealth Design LLC boosted its holdings in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MOS shares. Canadian Imperial Bank of Commerce decreased their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada increased their target price on Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. The Goldman Sachs Group increased their price target on shares of Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. BNP Paribas Exane cut their price objective on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Performance

Shares of NYSE MOS opened at $30.20 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.37 and a beta of 0.97. The stock’s fifty day moving average price is $26.77 and its two-hundred day moving average price is $28.95. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. Mosaic’s dividend payout ratio is currently 22.80%.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.