Lipe & Dalton Sells 1,735 Shares of The Mosaic Company (NYSE:MOS)

Lipe & Dalton decreased its position in shares of The Mosaic Company (NYSE:MOS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,580 shares of the basic materials company’s stock after selling 1,735 shares during the quarter. Mosaic makes up approximately 1.6% of Lipe & Dalton’s holdings, making the stock its 21st largest holding. Lipe & Dalton’s holdings in Mosaic were worth $2,988,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Mosaic by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after buying an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after purchasing an additional 986,812 shares during the period. Swedbank AB boosted its position in shares of Mosaic by 2.3% in the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Mosaic by 33.8% during the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Mosaic in the third quarter valued at about $1,251,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Down 3.2 %

NYSE MOS opened at $25.77 on Friday. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 52 week low of $23.56 and a 52 week high of $33.44. The stock’s 50 day moving average price is $26.20 and its two-hundred day moving average price is $26.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.42%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 74.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Oppenheimer began coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler raised their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $33.80.

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.