The Mosaic Company (NYSE:MOS) Shares Sold by Boston Partners

Boston Partners lessened its holdings in The Mosaic Company (NYSE:MOS – Get Rating) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,803 shares of the basic materials company’s stock after selling 249 shares during the quarter. Boston Partners’ holdings in Mosaic were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital International Investors acquired a new position in Mosaic in the 1st quarter worth approximately $412,663,000. Northern Trust Corp grew its stake in shares of Mosaic by 7.3% during the 2nd quarter. Northern Trust Corp now owns 6,045,973 shares of the basic materials company’s stock worth $285,551,000 after purchasing an additional 412,104 shares during the period. Wellington Management Group LLP grew its stake in shares of Mosaic by 910.9% during the 1st quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock worth $296,052,000 after purchasing an additional 4,011,530 shares during the period. Deutsche Bank AG grew its stake in shares of Mosaic by 14.8% during the 2nd quarter. Deutsche Bank AG now owns 4,062,125 shares of the basic materials company’s stock worth $191,853,000 after purchasing an additional 522,662 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mosaic by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,862,434 shares of the basic materials company’s stock worth $190,353,000 after purchasing an additional 68,120 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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Mosaic Stock Down 0.5 %

NYSE MOS opened at $49.97 on Wednesday. The Mosaic Company has a 52 week low of $40.29 and a 52 week high of $79.28. The company has a quick ratio of 0.61, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $46.98 and its 200-day simple moving average is $50.46. The firm has a market cap of $17.01 billion, a PE ratio of 4.89, a P/E/G ratio of 0.82 and a beta of 1.55.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, March 1st. This is a positive change from Mosaic’s previous quarterly dividend of $0.15. Mosaic’s payout ratio is currently 7.83%.

Analyst Ratings Changes

A number of brokerages have recently commented on MOS. Piper Sandler dropped their price objective on shares of Mosaic from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd. Credit Suisse Group cut shares of Mosaic from an “outperform” rating to an “underperform” rating in a research note on Monday, January 9th. Morgan Stanley dropped their price target on shares of Mosaic from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 11th. Citigroup cut shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the company from $61.00 to $50.00 in a research note on Friday, January 20th. Finally, Wells Fargo & Company began coverage on shares of Mosaic in a research note on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.31.

About Mosaic

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The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients.

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