Oppenheimer & Co. Inc. Has $289,000 Holdings in The Mosaic Company $MOS

Oppenheimer & Co. Inc. lowered its stake in shares of The Mosaic Company (NYSE:MOS) by 85.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,337 shares of the basic materials company’s stock after selling 49,404 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mosaic were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. First Horizon Advisors Inc. boosted its position in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Rexford Capital Inc. bought a new stake in shares of Mosaic in the 2nd quarter worth $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on MOS shares. JPMorgan Chase & Co. cut their price target on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Bank of America cut their target price on Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. The Goldman Sachs Group upped their target price on Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. BNP Paribas Exane dropped their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 price objective for the company in a research note on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Up 2.6%

MOS stock opened at $30.20 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.37 and a beta of 0.97. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The stock has a fifty day moving average of $26.77 and a 200-day moving average of $28.95.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. Mosaic’s payout ratio is presently 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.