Aviva PLC Makes New Investment in The Mosaic Company (NYSE:MOS)

Aviva PLC purchased a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 179,684 shares of the basic materials company's stock, valued at approximately $4,417,000. Aviva PLC owned 0.06% of Mosaic at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Quantinno Capital Management LP raised its holdings in Mosaic by 25.3% in the 3rd quarter. Quantinno Capital Management LP now owns 13,298 shares of the basic materials company's stock valued at $356,000 after acquiring an additional 2,686 shares in the last quarter. Stifel Financial Corp increased its holdings in Mosaic by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 73,007 shares of the basic materials company's stock worth $1,955,000 after acquiring an additional 1,266 shares during the period. National Bank of Canada FI grew its position in Mosaic by 27.6% in the third quarter. National Bank of Canada FI now owns 245,099 shares of the basic materials company's stock worth $6,564,000 after acquiring an additional 53,072 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Mosaic in the third quarter valued at approximately $511,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Mosaic by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company's stock worth $2,664,000 after purchasing an additional 932 shares during the period. Institutional investors own 77.54% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently commented on MOS shares. Scotiabank increased their price objective on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Morgan Stanley cut their price objective on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a research report on Thursday, March 20th. The Goldman Sachs Group initiated coverage on Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Finally, Piper Sandler reiterated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.58.

Mosaic Stock Performance

Shares of Mosaic stock traded down $0.06 on Tuesday, reaching $26.52. The stock had a trading volume of 778,283 shares, compared to its average volume of 4,569,756. The business's 50-day moving average price is $25.80 and its two-hundred day moving average price is $26.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock has a market cap of $8.41 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $32.29.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.32%. Mosaic's payout ratio is presently 160.00%.

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.