Prudential Financial Inc. Cuts Stake in The Mosaic Company (NYSE:MOS)

Prudential Financial Inc. lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,049 shares of the basic materials company’s stock after selling 153,470 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Mosaic worth $4,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group increased its position in Mosaic by 110.8% during 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 in the last quarter. R Squared Ltd purchased a new position in shares of Mosaic in the 4th quarter valued at approximately $33,000. Tobam acquired a new stake in Mosaic in the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic during the 4th quarter worth approximately $41,000. Finally, Ethos Financial Group LLC acquired a new position in Mosaic during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of MOS stock opened at $27.00 on Tuesday. 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. The business’s 50 day moving average is $26.58 and its two-hundred day moving average is $26.24. The company has a market capitalization of $8.56 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.26%. Mosaic’s dividend payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MOS shares. Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Mizuho cut their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Morgan Stanley reduced their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler increased their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.67.

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.