Hourglass Capital LLC Takes $1.04 Million Position in The Mosaic Company (NYSE:MOS)

Hourglass Capital LLC acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 42,100 shares of the basic materials company's stock, valued at approximately $1,035,000.

A number of other hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group lifted its holdings in Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd bought a new position in Mosaic during the 4th quarter worth $33,000. Tobam bought a new position in Mosaic during the 4th quarter worth $38,000. Heck Capital Advisors LLC bought a new position in Mosaic during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC increased its stake in 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 worth $48,000 after acquiring an additional 1,809 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MOS shares. Mizuho raised their price objective on Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. CIBC assumed coverage on Mosaic in a research note on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective on the stock. Barclays lowered Mosaic from an "overweight" rating to an "underweight" rating and decreased their price target for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. Morgan Stanley decreased their price target on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $33.80.

Mosaic Trading Up 0.1 %

MOS traded up $0.01 during midday trading on Wednesday, hitting $27.13. 4,815,820 shares of the company were exchanged, compared to its average volume of 4,790,763. The firm has a market capitalization of $8.62 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1-year low of $23.56 and a 1-year high of $33.44. The firm's 50 day moving average price is $26.22 and its 200-day moving average price is $26.51. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic's payout ratio is currently 77.88%.

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.