Crossmark Global Holdings Inc. Sells 1,853 Shares of The Mosaic Company (NYSE:MOS)

Crossmark Global Holdings Inc. decreased its position in shares of The Mosaic Company (NYSE:MOSFree Report) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 24,009 shares of the basic materials company’s stock after selling 1,853 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mosaic were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its stake in Mosaic by 3.2% during the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after buying an additional 268,966 shares during the last quarter. Northern Trust Corp grew its position in shares of Mosaic by 7.5% during the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after buying an additional 424,063 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mosaic by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock valued at $141,829,000 after acquiring an additional 189,706 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock valued at $136,641,000 after acquiring an additional 186,337 shares during the period. Finally, Deutsche Bank AG boosted its stake in Mosaic by 3.6% during the third quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock worth $109,042,000 after acquiring an additional 107,011 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Scotiabank dropped their price objective on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a report on Monday, May 6th. Mizuho cut their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Barclays reduced their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Royal Bank of Canada lowered their target price on Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Finally, Wolfe Research started coverage on shares of Mosaic in a research note on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and an average price target of $38.36.

View Our Latest Stock Report on Mosaic

Mosaic Trading Up 1.7 %

Shares of MOS stock opened at $28.77 on Tuesday. The Mosaic Company has a 52-week low of $27.83 and a 52-week high of $42.81. The company has a 50-day simple moving average of $30.59 and a two-hundred day simple moving average of $32.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.53 and a beta of 1.45.

Mosaic (NYSE:MOSGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business’s revenue was down 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. Research analysts anticipate that The Mosaic Company will post 2.64 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, June 6th. Mosaic’s payout ratio is 35.74%.

About Mosaic

(Free Report)

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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