Johnson Financial Group Inc. Sells 71,392 Shares of The Mosaic Company (NYSE:MOS)

Johnson Financial Group Inc. decreased its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 84.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,856 shares of the basic materials company's stock after selling 71,392 shares during the period. Johnson Financial Group Inc.'s holdings in Mosaic were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Brooklyn Investment Group boosted its stake 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 buying an additional 587 shares during the last quarter. R Squared Ltd purchased a new stake in Mosaic in the fourth quarter worth about $33,000. Tobam purchased a new stake in Mosaic in the fourth quarter worth about $38,000. Heck Capital Advisors LLC bought a new position in Mosaic in the fourth quarter worth about $41,000. Finally, Ethos Financial Group LLC bought a new position in Mosaic in the fourth quarter worth about $55,000. Institutional investors own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent research reports. Scotiabank upped their target price on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Wells Fargo & Company increased their target price 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. Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. 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. Finally, JPMorgan Chase & Co. raised Mosaic from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Mosaic currently has an average rating of "Moderate Buy" and a consensus target price of $32.42.

Mosaic Price Performance

NYSE MOS traded up $0.22 during trading hours on Wednesday, reaching $30.47. 5,790,138 shares of the company's stock were exchanged, compared to its average volume of 4,632,911. The stock has a market cap of $9.66 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The Mosaic Company has a one year low of $22.36 and a one year high of $32.29. The firm has a fifty day moving average of $26.09 and a 200-day moving average of $26.27. 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 Dividend Announcement

The firm also recently disclosed 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. This represents a $0.88 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is presently 160.00%.

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.