Colrain Capital LLC Invests $4.03 Million in The Mosaic Company (NYSE:MOS)

Colrain Capital LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 164,000 shares of the basic materials company's stock, valued at approximately $4,031,000. Mosaic accounts for about 4.0% of Colrain Capital LLC's holdings, making the stock its 8th biggest position. Colrain Capital LLC owned about 0.05% of Mosaic at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOS. Summit Financial LLC purchased a new position in Mosaic in the fourth quarter worth about $3,565,000. Alliancebernstein L.P. increased its holdings in shares of Mosaic by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 367,115 shares of the basic materials company's stock worth $9,024,000 after purchasing an additional 4,783 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Mosaic by 4.2% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 875,000 shares of the basic materials company's stock worth $21,508,000 after purchasing an additional 35,000 shares during the last quarter. Allianz SE bought a new position in shares of Mosaic during the fourth quarter valued at $1,363,000. Finally, Allstate Corp purchased a new stake in shares of Mosaic during the fourth quarter valued at $235,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MOS. Scotiabank upped their target price 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. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price for the company. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a report on Thursday, March 20th. Finally, Royal Bank of Canada lifted their price target on shares of Mosaic from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Mosaic has a consensus rating of "Hold" and a consensus target price of $32.67.

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Mosaic Price Performance

MOS stock traded down $0.57 during midday trading on Thursday, hitting $25.91. The company's stock had a trading volume of 7,689,368 shares, compared to its average volume of 4,487,626. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The company has a 50 day moving average of $26.55 and a two-hundred day moving average of $26.24. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is currently 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.