Marco Investment Management LLC Sells 3,600 Shares of The Mosaic Company (NYSE:MOS)

Marco Investment Management LLC trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,050 shares of the basic materials company’s stock after selling 3,600 shares during the period. Marco Investment Management LLC’s holdings in Mosaic were worth $1,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Candriam S.C.A. raised its stake in shares of Mosaic by 102.3% during the fourth quarter. Candriam S.C.A. now owns 46,812 shares of the basic materials company’s stock worth $1,151,000 after buying an additional 23,676 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of Mosaic during the fourth quarter worth approximately $55,000. Raymond James Financial Inc. bought a new stake in shares of Mosaic during the fourth quarter worth approximately $3,599,000. Arizona State Retirement System raised its stake in shares of Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after buying an additional 471 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Mosaic during the fourth quarter worth approximately $1,054,000. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Up 2.7 %

Mosaic stock opened at $24.79 on Friday. The stock has a market capitalization of $7.87 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. 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 company has a 50 day moving average of $26.20 and a 200-day moving average of $26.33.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is 160.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MOS. Mizuho decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $26.00 to $29.00 in a report on Monday. Royal Bank of Canada boosted their price objective on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Scotiabank decreased their price objective on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a report on Monday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.70.

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.