Allspring Global Investments Holdings LLC Sells 1,321 Shares of The Mosaic Company (NYSE:MOS)

Allspring Global Investments Holdings LLC lowered its holdings in The Mosaic Company (NYSE:MOS) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 31,736 shares of the basic materials company’s stock after selling 1,321 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mosaic were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MOS. Denali Advisors LLC boosted its holdings in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 414 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Mosaic by 526.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,289 shares during the period. NBC Securities Inc. bought a new stake in shares of Mosaic during the 3rd quarter worth approximately $57,000. Planned Solutions Inc. bought a new stake in shares of Mosaic during the 4th quarter worth approximately $65,000. Finally, CVA Family Office LLC bought a new stake in shares of Mosaic during the 4th quarter worth approximately $79,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 1.1 %

Shares of NYSE MOS opened at $30.41 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The Mosaic Company has a 52-week low of $29.25 and a 52-week high of $44.44. The firm has a 50 day moving average price of $31.51 and a two-hundred day moving average price of $33.38. The stock has a market cap of $9.78 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company posted $1.74 earnings per share. The company’s revenue was down 29.7% compared to the same quarter last year. As a group, equities analysts forecast that The Mosaic Company will post 2.81 EPS for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is presently 24.07%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MOS shares. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a report on Thursday, February 22nd. Wells Fargo & Company upped their price target on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Wolfe Research began coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price objective for the company. Finally, TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.27.

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.