First Trust Advisors LP Lowers Stock Position in The Mosaic Company (NYSE:MOS)

First Trust Advisors LP lessened its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 728,285 shares of the basic materials company's stock after selling 123,738 shares during the period. First Trust Advisors LP owned 0.23% of Mosaic worth $17,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 587 shares during the period. R Squared Ltd bought a new stake in Mosaic during the fourth quarter worth approximately $33,000. Tobam purchased a new stake in Mosaic during the 4th quarter valued at $38,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic in the 4th quarter worth about $41,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Mosaic during the fourth quarter valued at approximately $55,000. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 0.6 %

MOS stock traded up $0.17 during midday trading on Thursday, hitting $30.57. The company's stock had a trading volume of 3,091,282 shares, compared to its average volume of 4,627,989. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.69 billion, a P/E ratio of 27.03, a PEG ratio of 1.42 and a beta of 1.04. The firm has a 50-day simple moving average of $26.19 and a 200-day simple moving average of $26.29. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $32.29.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.88%. Mosaic's payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on MOS. Scotiabank raised their price objective on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 19th. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a research note on Thursday, March 20th. UBS Group decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company increased their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.42.

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.