The Mosaic Company (NYSE:MOS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 903,676 shares of the basic materials company's stock after selling 29,699 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of Mosaic worth $22,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Intellectus Partners LLC boosted its stake in shares of Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System boosted its stake in shares of Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after purchasing an additional 471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Mosaic by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock valued at $799,000 after purchasing an additional 570 shares during the period. United Capital Financial Advisors LLC boosted its stake in shares of Mosaic by 7.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 592 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Mosaic by 7.0% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company's stock valued at $237,000 after purchasing an additional 619 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOS. UBS Group boosted their target price on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Piper Sandler reissued a "neutral" rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $40.00 price objective (up from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. Finally, BNP Paribas upgraded Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mosaic currently has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Mosaic Stock Down 0.5%

Mosaic stock traded down $0.19 during trading hours on Thursday, reaching $35.84. The stock had a trading volume of 701,400 shares, compared to its average volume of 5,636,318. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The business's 50 day moving average price is $29.46 and its 200-day moving average price is $27.23. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $36.21.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued 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 2.46%. Mosaic's dividend payout ratio is presently 75.86%.

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.