Bank of New York Mellon Corp Has $52.80 Million Holdings in The Mosaic Company (NYSE:MOS)

Bank of New York Mellon Corp decreased its position in The Mosaic Company (NYSE:MOS) by 15.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,148,025 shares of the basic materials company’s stock after selling 383,182 shares during the period. Bank of New York Mellon Corp’s holdings in Mosaic were worth $52,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after purchasing an additional 178,844 shares during the last quarter. Two Sigma Advisers LP grew its position in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after buying an additional 947,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Mosaic by 13.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after buying an additional 359,760 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Mosaic by 190.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of Mosaic stock opened at $24.18 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $26.19 and a two-hundred day moving average price of $26.34. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44. The company has a market cap of $7.68 billion, a P/E ratio of 21.39, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MOS shares. Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Piper Sandler upped their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Scotiabank cut their target price on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, Royal Bank of Canada increased their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.70.

About Mosaic

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.