Chevy Chase Trust Holdings LLC Trims Stake in The Mosaic Company (NYSE:MOS)

Chevy Chase Trust Holdings LLC reduced its position in The Mosaic Company (NYSE:MOS) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,685 shares of the basic materials company’s stock after selling 4,156 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Mosaic worth $4,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the period. R Squared Ltd purchased a new position in shares of Mosaic during the fourth quarter worth approximately $33,000. Tobam purchased a new position in shares of Mosaic during the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the fourth quarter worth approximately $41,000. Finally, Blue Trust Inc. increased its position in shares of Mosaic by 46.4% during the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 570 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

NYSE MOS opened at $27.10 on Wednesday. The firm’s fifty day simple moving average is $26.19 and its two-hundred day simple moving average is $26.51. 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 $23.56 and a 12-month high of $33.44. The firm has a market capitalization of $8.61 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is currently 74.34%.

Analyst Ratings Changes

MOS has been the topic of a number of research reports. Morgan Stanley reduced 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 report on Monday, January 13th. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Piper Sandler increased their price objective 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 lifted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.80.

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.