APG Asset Management N.V. Grows Stake in The Mosaic Company (NYSE:MOS)

APG Asset Management N.V. grew its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 202.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,951 shares of the basic materials company's stock after buying an additional 158,704 shares during the quarter. APG Asset Management N.V. owned 0.07% of Mosaic worth $5,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after acquiring an additional 3,058,243 shares during the period. Geode Capital Management LLC grew its position in Mosaic by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after purchasing an additional 269,650 shares during the period. Norges Bank purchased a new stake in Mosaic during the 4th quarter valued at $97,363,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock valued at $82,800,000 after buying an additional 150,186 shares during the period. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Mosaic by 14.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company's stock worth $77,135,000 after buying an additional 386,545 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on MOS. Royal Bank of Canada increased their target price on Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Scotiabank boosted their target price on shares of Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Barclays upgraded Mosaic from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.58.

Mosaic Price Performance

NYSE MOS traded down $0.17 on Tuesday, reaching $26.42. The company had a trading volume of 3,272,013 shares, compared to its average volume of 4,584,032. The firm's 50 day moving average price is $25.80 and its 200 day moving average price is $26.14. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $32.29. The stock has a market capitalization of $8.37 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, June 5th. Mosaic's payout ratio is presently 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.