The Mosaic Company $MOS Shares Sold by Barings LLC

Barings LLC lessened its holdings in The Mosaic Company (NYSE:MOS) by 62.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 73,895 shares of the basic materials company’s stock after selling 120,346 shares during the quarter. Barings LLC’s holdings in Mosaic were worth $2,563,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC grew its stake in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Mosaic in the 1st quarter valued at about $201,000. Empowered Funds LLC increased its stake in shares of Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP increased its stake in shares of Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after buying an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

MOS has been the subject of several analyst reports. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Canadian Imperial Bank of Commerce lowered their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wolfe Research cut their price target on Mosaic from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. BNP Paribas Exane decreased their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, The Goldman Sachs Group increased their price objective on Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Down 2.4%

Mosaic stock opened at $29.44 on Friday. The company has a market capitalization of $9.34 billion, a P/E ratio of 7.63, a PEG ratio of 1.40 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The stock has a 50-day simple moving average of $26.83 and a 200-day simple moving average of $28.91.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s dividend payout ratio is presently 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.