Contrarius Group Holdings Ltd acquired a new position in The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 78,448 shares of the basic materials company's stock, valued at approximately $1,928,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group increased its holdings in shares of Mosaic by 110.8% during the fourth 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 stake in Mosaic during the 4th quarter worth approximately $33,000. Tobam acquired a new position in Mosaic during the 4th quarter valued at approximately $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the fourth quarter worth $41,000. Finally, Larson Financial Group LLC lifted its stake in shares of Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock worth $48,000 after buying an additional 1,809 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on MOS. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a research note on Thursday. The Goldman Sachs Group initiated coverage on Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. Finally, Mizuho decreased their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research 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. According to MarketBeat, Mosaic presently has an average rating of "Hold" and an average price target of $32.67.
Get Our Latest Analysis on MOS
Mosaic Price Performance
Shares of Mosaic stock traded down $0.20 during trading hours on Monday, reaching $27.64. The stock had a trading volume of 4,532,676 shares, compared to its average volume of 4,292,089. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. 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 market capitalization of $8.76 billion, a PE ratio of 24.46, a PEG ratio of 1.42 and a beta of 1.34. The stock's 50 day moving average is $26.54 and its 200 day moving average is $26.15.
Mosaic Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.18%. Mosaic's dividend payout ratio is currently 160.00%.
About Mosaic
(
Free Report)
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.
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