The Mosaic Company (NYSE:MOS) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in The Mosaic Company (NYSE:MOS) by 52.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,150 shares of the basic materials company’s stock after selling 205,654 shares during the period. Korea Investment CORP owned about 0.06% of Mosaic worth $4,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MOS. Intellectus Partners LLC grew its stake in shares of Mosaic by 3.3% in the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock valued at $304,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System grew its position in Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock valued at $2,275,000 after acquiring an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after purchasing an additional 570 shares during the period. Brooklyn Investment Group lifted its position in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Mosaic by 7.0% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock valued at $237,000 after purchasing an additional 619 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Mosaic stock opened at $26.82 on Wednesday. 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 Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The company has a fifty day moving average price of $26.57 and a two-hundred day moving average price of $26.24. The company has a market cap of $8.50 billion, a PE ratio of 23.74, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is presently 160.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price objective on shares of Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group assumed coverage on Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and upped their target price for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Piper Sandler increased their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.67.

Mosaic 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.