Thrivent Financial for Lutherans Sells 22,198 Shares of The Mosaic Company $MOS

Thrivent Financial for Lutherans cut its holdings in The Mosaic Company (NYSE:MOS) by 17.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 108,456 shares of the basic materials company’s stock after selling 22,198 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mosaic were worth $3,761,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fiduciary Alliance LLC bought a new stake in Mosaic during the third quarter worth $1,969,000. Hussman Strategic Advisors Inc. purchased a new position in Mosaic during the 3rd quarter worth $2,913,000. Scotia Capital Inc. boosted its holdings in Mosaic by 395.1% during the 2nd quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock worth $3,194,000 after acquiring an additional 69,873 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Mosaic by 65.7% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock worth $5,682,000 after acquiring an additional 62,338 shares in the last quarter. Finally, Gradient Investments LLC purchased a new stake in shares of Mosaic in the third quarter valued at about $12,678,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MOS shares. Wells Fargo & Company cut their price target on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. BNP Paribas Exane cut their target price on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. UBS Group reduced their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, January 12th. Barclays dropped their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Performance

Shares of MOS opened at $28.70 on Friday. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The stock’s fifty day moving average price is $25.75 and its two-hundred day moving average price is $29.32. The firm has a market cap of $9.11 billion, a PE ratio of 7.44, a PEG ratio of 1.29 and a beta of 0.97.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is currently 22.80%.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.