The Mosaic Company (NYSE:MOS) Shares Sold by Ieq Capital LLC

Ieq Capital LLC decreased its holdings in The Mosaic Company (NYSE:MOS) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,584 shares of the basic materials company’s stock after selling 818 shares during the quarter. Ieq Capital LLC’s holdings in Mosaic were worth $531,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MOS. Charles Schwab Investment Management Inc. grew its stake in shares of Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after acquiring an additional 947,500 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Mosaic by 32.1% in the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after acquiring an additional 668,347 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after acquiring an additional 359,760 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after acquiring an additional 178,844 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MOS shares. Oppenheimer started coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. Mizuho lifted 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. Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research 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 research report on Thursday, November 14th. Finally, Barclays cut shares of Mosaic from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.80.

Mosaic Stock Performance

Shares of MOS opened at $25.23 on Thursday. 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 $8.01 billion, a price-to-earnings ratio of 22.33, 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 50 day simple moving average is $26.19 and its 200 day simple moving average is $26.48.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.49%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 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.