Foundry Partners LLC acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 575,876 shares of the basic materials company's stock, valued at approximately $14,155,000. Foundry Partners LLC owned approximately 0.18% of Mosaic as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. Donald Smith & CO. Inc. lifted its holdings 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 purchasing an additional 386,545 shares during the last quarter. Huntington National Bank grew its position in Mosaic by 54.1% in the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after purchasing an additional 1,185 shares during the last quarter. Groupama Asset Managment increased its stake in shares of Mosaic by 7.2% in the fourth quarter. Groupama Asset Managment now owns 49,283 shares of the basic materials company's stock valued at $1,183,000 after purchasing an additional 3,315 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mosaic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock valued at $218,751,000 after buying an additional 269,650 shares during the last quarter. Finally, StoneX Group Inc. bought a new stake in Mosaic during the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 77.54% of the company's stock.
Mosaic Price Performance
Shares of Mosaic stock traded up $0.36 during midday trading on Wednesday, hitting $23.12. 3,600,073 shares of the company were exchanged, compared to its average volume of 4,541,134. The firm has a 50 day simple moving average of $26.07 and a 200-day simple moving average of $26.16. The Mosaic Company has a 52 week low of $22.17 and a 52 week high of $33.32. The firm has a market cap of $7.33 billion, a P/E ratio of 20.46, a PEG ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.
Mosaic Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is currently 160.00%.
Wall Street Analyst Weigh In
MOS has been the subject of a number of research analyst reports. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price for the company in a research report on Thursday, March 20th. Scotiabank boosted their target price on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 19th. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Piper Sandler restated a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group began coverage on Mosaic in a report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of "Hold" and an average price target of $32.58.
Check Out Our Latest Research Report on MOS
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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