Pekin Hardy Strauss Inc. Sells 26,782 Shares of The Mosaic Company $MOS

Pekin Hardy Strauss Inc. decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 240,291 shares of the basic materials company’s stock after selling 26,782 shares during the quarter. Mosaic comprises about 0.8% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 25th largest holding. Pekin Hardy Strauss Inc. owned approximately 0.08% of Mosaic worth $8,333,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. CenterBook Partners LP bought a new stake in Mosaic in the third quarter worth $1,536,000. Marble Harbor Investment Counsel LLC grew its holdings in Mosaic by 16.4% in the third quarter. Marble Harbor Investment Counsel LLC now owns 14,195 shares of the basic materials company’s stock worth $492,000 after purchasing an additional 2,000 shares during the last quarter. Colrain Capital LLC boosted its holdings in Mosaic by 22.5% in the third quarter. Colrain Capital LLC now owns 279,275 shares of the basic materials company’s stock worth $9,685,000 after acquiring an additional 51,275 shares in the last quarter. NEOS Investment Management LLC grew its position in Mosaic by 50.1% during the 3rd quarter. NEOS Investment Management LLC now owns 38,488 shares of the basic materials company’s stock worth $1,335,000 after purchasing an additional 12,852 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Mosaic by 1,403.7% during the third quarter. Rothschild Investment LLC now owns 11,278 shares of the basic materials company’s stock valued at $391,000 after buying an additional 10,528 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $30.20 on Friday. The business’s 50-day moving average price is $26.77 and its 200 day moving average price is $28.95. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a market capitalization of $9.59 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, March 9th. Mosaic’s dividend payout ratio is currently 22.80%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MOS shares. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 target price on the stock in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. Royal Bank Of Canada increased their price objective on shares of Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. BNP Paribas Exane cut their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Finally, HSBC reduced their price objective on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Seven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus target price of $31.50.

Mosaic Company 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.