Inlight Wealth Management LLC Buys Shares of 23,562 The Mosaic Company (NYSE:MOS)

Inlight Wealth Management LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,562 shares of the basic materials company's stock, valued at approximately $579,000.

A number of other hedge funds have also modified their holdings of the business. Pacer Advisors Inc. raised its holdings in Mosaic by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after purchasing an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after acquiring an additional 150,186 shares during the last quarter. OLD National Bancorp IN raised its stake in Mosaic by 33.8% in the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock valued at $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Swedbank AB boosted its position in Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock worth $34,101,000 after acquiring an additional 117,838 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Mosaic by 59.5% during the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company's stock worth $189,000 after purchasing an additional 2,867 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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Mosaic Price Performance

Mosaic stock traded up $0.53 during trading hours on Wednesday, hitting $26.92. 3,142,103 shares of the company traded hands, compared to its average volume of 5,810,912. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.29. The firm has a market cap of $8.53 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.42 and a beta of 1.04. The firm's 50-day simple moving average is $25.80 and its two-hundred day simple moving average is $26.14. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.27%. Mosaic's dividend payout ratio (DPR) is 160.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MOS. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Finally, Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target on the stock in a report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mosaic currently has an average rating of "Moderate Buy" and a consensus target price of $32.42.

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.