The Mosaic Company (NYSE:MOS) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of The Mosaic Company (NYSE:MOS) by 39.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 62,712 shares of the basic materials company’s stock after selling 41,689 shares during the quarter. Amalgamated Bank’s holdings in Mosaic were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Mosaic by 5.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 382 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the last quarter. CX Institutional boosted its stake in shares of Mosaic by 1.5% during the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock worth $823,000 after purchasing an additional 418 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 426 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Trading Down 7.8 %

NYSE MOS opened at $25.85 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The company’s 50 day moving average price is $26.40 and its 200 day moving average price is $27.97. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.74 and a beta of 1.35.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is 113.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MOS. Mizuho cut their price objective on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company cut their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. Finally, Barclays cut their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.11.

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.