Ameriprise Financial Inc. Sells 75,696 Shares of The Mosaic Company (NYSE:MOS)

Ameriprise Financial Inc. decreased its position in shares of The Mosaic Company (NYSE:MOS) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,445 shares of the basic materials company’s stock after selling 75,696 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.15% of Mosaic worth $11,514,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MOS. Brooklyn Investment Group grew its holdings in Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. R Squared Ltd bought a new position in shares of Mosaic during the fourth quarter valued at approximately $33,000. Tobam purchased a new position in Mosaic during the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC bought a new position in Mosaic in the fourth quarter worth approximately $41,000. Finally, Ethos Financial Group LLC bought a new position in Mosaic in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of Mosaic stock opened at $35.21 on Monday. The company has a 50 day moving average price of $28.06 and a 200 day moving average price of $26.79. The firm has a market capitalization of $11.17 billion, a P/E ratio of 31.16, a PEG ratio of 1.42 and a beta of 1.09. 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 Mosaic Company has a 52 week low of $22.36 and a 52 week high of $35.32.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business posted $0.65 EPS. Mosaic’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Thursday, June 5th will be paid 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 2.50%. Mosaic’s dividend payout ratio (DPR) is 75.86%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MOS shares. StockNews.com raised Mosaic from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Barclays reaffirmed an “overweight” rating and set a $40.00 price objective (up previously from $33.00) on shares of Mosaic in a research report on Wednesday. Piper Sandler reiterated a “neutral” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. JPMorgan Chase & Co. increased their price target on shares of Mosaic from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, Oppenheimer lifted their price objective on shares of Mosaic from $33.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Moderate Buy” and an average target price of $34.58.

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.