Quarry LP Cuts Stock Position in The Mosaic Company (NYSE:MOS)

Quarry LP lowered its position in The Mosaic Company (NYSE:MOS) by 91.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,136 shares of the basic materials company’s stock after selling 52,438 shares during the quarter. Quarry LP’s holdings in Mosaic were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Mosaic in the 3rd quarter worth approximately $303,000. Wilmington Savings Fund Society FSB boosted its stake in Mosaic by 12.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 12,282 shares of the basic materials company’s stock worth $329,000 after purchasing an additional 1,371 shares in the last quarter. Tidal Investments LLC boosted its stake in Mosaic by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 39,617 shares of the basic materials company’s stock worth $1,061,000 after purchasing an additional 1,534 shares in the last quarter. Franklin Resources Inc. boosted its stake in Mosaic by 30.3% in the 3rd quarter. Franklin Resources Inc. now owns 300,338 shares of the basic materials company’s stock worth $7,854,000 after purchasing an additional 69,763 shares in the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in Mosaic by 16.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 139,380 shares of the basic materials company’s stock worth $3,733,000 after purchasing an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

MOS opened at $29.52 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm has a fifty day moving average price of $26.02 and a 200 day moving average price of $26.24. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29. The stock has a market cap of $9.36 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.42 and a beta of 1.04.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MOS shares. BNP Paribas upgraded shares of Mosaic to a “strong-buy” rating in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their target price on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Morgan Stanley lowered their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. Finally, UBS Group decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Moderate Buy” and a consensus price target of $32.42.

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.