Rhumbline Advisers Sells 6,157 Shares of The Mosaic Company (NYSE:MOS)

Rhumbline Advisers lowered its stake in The Mosaic Company (NYSE:MOS) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 571,668 shares of the basic materials company’s stock after selling 6,157 shares during the period. Rhumbline Advisers’ holdings in Mosaic were worth $14,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its stake in Mosaic by 1.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company’s stock valued at $2,933,000 after buying an additional 1,489 shares in the last quarter. Tobam bought a new position in Mosaic in the fourth quarter valued at approximately $38,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Mosaic by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock worth $799,000 after purchasing an additional 570 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Mosaic by 12.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,689 shares of the basic materials company’s stock worth $1,548,000 after purchasing an additional 7,282 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Mosaic by 6.1% in the fourth quarter. Yousif Capital Management LLC now owns 52,487 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 3,010 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of research reports. Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Mizuho boosted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Barclays lowered 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 research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.80.

Mosaic Price Performance

Shares of MOS opened at $25.77 on Friday. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1-year low of $23.56 and a 1-year high of $33.44. The company’s fifty day simple moving average is $26.20 and its 200 day simple moving average is $26.50. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The business 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 $0.22 dividend. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is currently 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.