Allianz SE Buys Shares of 56,800 The Mosaic Company (NYSE:MOS)

Allianz SE acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 56,800 shares of the basic materials company's stock, valued at approximately $1,363,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MOS. Brooklyn Investment Group boosted its holdings in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd purchased a new stake in Mosaic in the fourth quarter valued at $33,000. Tobam acquired a new position in Mosaic in the fourth quarter valued at $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC increased its position in shares of Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock worth $48,000 after purchasing an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on MOS shares. Scotiabank lifted their price target on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 19th. The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target on the stock. Piper Sandler restated a "neutral" rating on shares of Mosaic in a research note on Thursday, March 27th. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Thursday, March 20th. Finally, CIBC assumed coverage on Mosaic in a report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $32.67.

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Mosaic Stock Down 0.1 %

Shares of NYSE:MOS traded down $0.02 during mid-day trading on Thursday, hitting $26.45. 1,991,240 shares of the company traded hands, compared to its average volume of 5,625,201. 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 Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44. The firm's 50 day simple moving average is $26.55 and its 200 day simple moving average is $26.24. The firm has a market cap of $8.38 billion, a P/E ratio of 23.41, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.33%. Mosaic's payout ratio is 160.00%.

Mosaic Profile

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.