Shell Asset Management Co. Sells 13,659 Shares of The Mosaic Company (NYSE:MOS)

Shell Asset Management Co. decreased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 68.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,289 shares of the basic materials company's stock after selling 13,659 shares during the quarter. Shell Asset Management Co.'s holdings in Mosaic were worth $155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MOS. Brooklyn Investment Group lifted its position in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd acquired a new position in shares of Mosaic in the fourth quarter worth $33,000. Tobam acquired a new position in shares of Mosaic in the fourth quarter worth $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Mosaic during the fourth quarter worth $41,000. Finally, Ethos Financial Group LLC acquired a new stake in Mosaic during the fourth quarter valued at $55,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

MOS traded down $0.52 during midday trading on Thursday, reaching $35.02. The company's stock had a trading volume of 3,168,429 shares, compared to its average volume of 4,701,025. 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 company has a fifty day simple moving average of $28.85 and a 200 day simple moving average of $27.02. The stock has a market cap of $11.11 billion, a P/E ratio of 30.99, a PEG ratio of 1.42 and a beta of 1.09. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $35.96.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the business earned $0.65 earnings per share. Mosaic's revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.51%. Mosaic's dividend payout ratio is 75.86%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MOS shares. Royal Bank of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $30.00 to $40.00 in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Thursday. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Wells Fargo & Company upped their price objective on shares of Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Scotiabank restated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Six research 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.58.

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.