Wealthfront Advisers LLC Decreases Stock Position in The Mosaic Company (NYSE:MOS)

Wealthfront Advisers LLC lessened its stake in shares of The Mosaic Company (NYSE:MOS) by 98.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,116 shares of the basic materials company’s stock after selling 61,906 shares during the quarter. Wealthfront Advisers LLC’s holdings in Mosaic were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Mosaic by 49.0% during the 4th 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 during the period. Charles Schwab Investment Management Inc. increased its stake in Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares during the period. Swedbank AB increased its stake in Mosaic by 2.3% in the third 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 period. OLD National Bancorp IN increased its stake in Mosaic by 33.8% in 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 purchased a new stake in Mosaic in the third quarter worth $1,251,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

MOS opened at $27.18 on Wednesday. The business’s 50-day moving average is $26.34 and its two-hundred day moving average is $26.15. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44. 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 firm has a market capitalization of $8.61 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The business 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. This represents a $0.88 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is 160.00%.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price on the stock. Wells Fargo & Company cut their price target on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. CIBC assumed coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.64.

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.