Allspring Global Investments Holdings LLC Sells 1,095 Shares of The Mosaic Company (NYSE:MOS)

Allspring Global Investments Holdings LLC lowered its holdings in shares of The Mosaic Company (NYSE:MOS) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,716 shares of the basic materials company’s stock after selling 1,095 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mosaic were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MOS. Crossmark Global Holdings Inc. grew its stake in Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after buying an additional 354 shares during the last quarter. Blue Trust Inc. grew its stake in Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after buying an additional 570 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after buying an additional 570 shares during the last quarter. Brooklyn Investment Group grew its stake in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Mosaic by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock valued at $1,099,000 after buying an additional 653 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MOS. Piper Sandler raised their target price on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Mizuho raised their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley lowered their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.80.

Mosaic Price Performance

Shares of Mosaic stock opened at $25.33 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm’s 50-day simple moving average is $26.19 and its 200-day simple moving average is $26.49. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44. The firm has a market cap of $8.04 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. 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 3.47%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is 77.88%.

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.