Charles Schwab Investment Management Inc. Has $82.80 Million Position in The Mosaic Company (NYSE:MOS)

Charles Schwab Investment Management Inc. boosted its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,368,596 shares of the basic materials company's stock after purchasing an additional 150,186 shares during the period. Charles Schwab Investment Management Inc. owned 1.06% of Mosaic worth $82,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its holdings in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 587 shares in the last quarter. R Squared Ltd purchased a new position in shares of Mosaic during the 4th 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 purchased a new position in shares of Mosaic during the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC grew its holdings in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank lowered their price target on shares of Mosaic from $34.00 to $31.00 and set a "sector outperform" rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company lowered their price target on shares of Mosaic from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday. They issued a "buy" rating and a $31.00 price objective for the company. 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 note on Wednesday, March 5th. Finally, Piper Sandler lifted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has an average rating of "Hold" and a consensus price target of $31.64.

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Mosaic Stock Performance

Mosaic stock traded up $0.43 on Thursday, reaching $25.12. 5,091,802 shares of the stock were exchanged, compared to its average volume of 5,757,373. The stock has a market cap of $7.96 billion, a PE ratio of 22.23, a PEG 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 Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. The firm has a fifty day moving average price of $26.26 and a two-hundred day moving average price of $26.23.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This is a positive change from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.50%. Mosaic's payout ratio is currently 160.00%.

Mosaic Company 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.