SG Americas Securities LLC Sells 115,940 Shares of The Mosaic Company (NYSE:MOS)

SG Americas Securities LLC lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 95.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,367 shares of the basic materials company’s stock after selling 115,940 shares during the quarter. SG Americas Securities LLC’s holdings in Mosaic were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group increased its stake 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 purchasing an additional 587 shares in the last quarter. Blue Trust Inc. increased its stake in Mosaic by 46.4% during the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 570 shares in the last quarter. Larson Financial Group LLC increased its stake in Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares in the last quarter. Huntington National Bank increased its stake in Mosaic by 85.2% during the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in Mosaic during the 3rd quarter valued at $61,000. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of analyst reports. Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. Mizuho lifted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Morgan Stanley cut their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Oppenheimer initiated coverage on shares of Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $33.80.

Mosaic Price Performance

Shares of NYSE:MOS opened at $26.94 on Wednesday. The company’s 50-day moving average is $26.17 and its 200 day moving average is $26.61. 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 company has a market capitalization of $8.56 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.27%. Mosaic’s dividend payout ratio is 74.34%.

Mosaic 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.