Amundi Has $56.33 Million Stake in The Mosaic Company (NYSE:MOS)

Amundi lowered its position in The Mosaic Company (NYSE:MOS) by 39.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,283,617 shares of the basic materials company’s stock after selling 1,485,905 shares during the period. Amundi owned 0.72% of Mosaic worth $56,332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after purchasing an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Mosaic by 44.2% during 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 acquiring an additional 986,812 shares during the period. Swedbank AB lifted its position in shares of Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after acquiring an additional 28,816 shares during the period. OLD National Bancorp IN lifted its position in shares of Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after acquiring an additional 73,653 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mosaic during the 3rd quarter valued at $1,251,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of MOS stock opened at $24.86 on Wednesday. The firm has a market capitalization of $7.88 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The firm has a fifty day simple moving average of $26.25 and a two-hundred day simple moving average of $26.24. 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 Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.54%. Mosaic’s dividend payout ratio is presently 160.00%.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of research reports. Mizuho dropped their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Royal Bank of Canada boosted their target price on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Mosaic currently has an average 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.