Barings LLC Sells 29,802 Shares of The Mosaic Company (NYSE:MOS)

Barings LLC cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 121,074 shares of the basic materials company’s stock after selling 29,802 shares during the period. Barings LLC’s holdings in Mosaic were worth $2,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. Brooklyn Investment Group lifted its stake in 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 during the last quarter. R Squared Ltd bought a new position in shares of Mosaic in the 4th quarter valued at $33,000. Tobam bought a new position in shares of Mosaic in the 4th quarter valued at $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC lifted its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,809 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

Shares of Mosaic stock opened at $25.10 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $26.22 and a two-hundred day moving average price of $26.30. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44. The company has a market cap of $7.95 billion, a P/E ratio of 22.21, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

MOS has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Barclays upgraded Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price target for the company in a research note on Wednesday. Royal Bank of Canada increased their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.70.

About Mosaic

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.