Allstate Corp Invests $235,000 in The Mosaic Company (NYSE:MOS)

Allstate Corp bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,546 shares of the basic materials company's stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MOS. Brooklyn Investment Group raised its holdings in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the period. R Squared Ltd bought a new stake in shares of Mosaic in the fourth quarter valued at $33,000. Tobam purchased a new position in shares of Mosaic during the 4th quarter valued at $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic during the 4th quarter worth $41,000. Finally, Ethos Financial Group LLC purchased a new stake in Mosaic in the 4th quarter worth about $55,000. 77.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

MOS has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Scotiabank upped their price target on shares of Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 19th. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a report on Thursday, March 20th. CIBC started coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 target price on the stock. Finally, JPMorgan Chase & Co. raised Mosaic from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Mosaic currently has an average rating of "Hold" and an average price target of $32.58.

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Mosaic Price Performance

Mosaic stock traded up $0.15 during midday trading on Monday, hitting $23.60. 8,016,357 shares of the company's stock were exchanged, compared to its average volume of 4,527,112. The company has a market cap of $7.48 billion, a P/E ratio of 20.88, a PEG ratio of 1.42 and a beta of 1.04. 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 50-day moving average price of $26.30 and a two-hundred day moving average price of $26.21. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $33.44.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) 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.