Nikko Asset Management Americas Inc. Sells 1,976 Shares of The Mosaic Company (NYSE:MOS)

Nikko Asset Management Americas Inc. reduced its position in The Mosaic Company (NYSE:MOS) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,034 shares of the basic materials company’s stock after selling 1,976 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Mosaic were worth $443,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock valued at $1,814,000 after buying an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 worth $86,189,000 after acquiring an additional 986,812 shares during the last quarter. Swedbank AB lifted its position in Mosaic by 2.3% in 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 in the last quarter. OLD National Bancorp IN boosted its stake 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 valued at $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Mosaic during the 3rd quarter valued at about $1,251,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 2.4 %

Mosaic stock opened at $26.52 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $8.41 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.42 and a beta of 1.34. The firm has a 50 day moving average price of $26.30 and a 200-day moving average price of $26.16. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. Mosaic’s payout ratio is presently 160.00%.

Wall Street Analyst Weigh In

MOS has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Mizuho dropped their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Barclays upgraded shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price for the company in a research note on Wednesday, March 5th. Oppenheimer began coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Finally, Piper Sandler upped their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.64.

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.