Assetmark Inc. Purchases Shares of 20,452 The Mosaic Company (NYSE:MOS)

Assetmark Inc. bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,452 shares of the basic materials company's stock, valued at approximately $503,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MOS. Charles Schwab Investment Management Inc. grew its position in Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after acquiring an additional 150,186 shares during the period. State of Michigan Retirement System grew its holdings in shares of Mosaic by 2.5% during the 4th quarter. State of Michigan Retirement System now owns 103,876 shares of the basic materials company's stock worth $2,553,000 after purchasing an additional 2,500 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Mosaic during the 4th quarter worth about $238,000. Jones Financial Companies Lllp raised its holdings in Mosaic by 59.5% in the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company's stock valued at $189,000 after buying an additional 2,867 shares during the period. Finally, Metis Global Partners LLC lifted its position in Mosaic by 49.2% in the fourth quarter. Metis Global Partners LLC now owns 43,259 shares of the basic materials company's stock valued at $1,063,000 after buying an additional 14,256 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MOS. Barclays raised shares of Mosaic from an "underweight" rating to an "equal weight" rating and set a $27.00 price objective for the company in a research report on Wednesday, March 5th. Royal Bank of Canada increased their price target on shares of Mosaic from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 4th. Oppenheimer initiated coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a "market perform" rating on the stock. Piper Sandler raised their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Finally, Mizuho reduced their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.64.

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Mosaic Stock Performance

MOS stock traded up $0.43 on Thursday, hitting $25.12. The company's stock had a trading volume of 5,091,802 shares, compared to its average volume of 5,757,373. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $26.25 and a two-hundred day moving average of $26.23. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from Mosaic's previous quarterly dividend of $0.21. Mosaic's dividend payout ratio (DPR) is currently 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.