Pictet Asset Management Holding SA Cuts Stock Holdings in The Mosaic Company (NYSE:MOS)

Pictet Asset Management Holding SA cut its stake in shares of The Mosaic Company (NYSE:MOS) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 145,287 shares of the basic materials company’s stock after selling 3,296 shares during the period. Pictet Asset Management Holding SA’s holdings in Mosaic were worth $3,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MOS. Pacer Advisors Inc. increased its stake in 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 acquiring an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares during the period. OLD National Bancorp IN increased its position in Mosaic by 33.8% during the 4th 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 in the last quarter. Swedbank AB raised its holdings in Mosaic by 9.3% in the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after buying an additional 117,838 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Mosaic by 59.5% during the fourth quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock valued at $189,000 after buying an additional 2,867 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Down 9.6 %

NYSE MOS opened at $23.48 on Friday. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. 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’s fifty day moving average price is $26.39 and its two-hundred day moving average price is $26.22.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. Mosaic’s payout ratio is 160.00%.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group began coverage on Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research note on Thursday, March 20th. Mizuho reduced their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.83.

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.