165,239 Shares in The Mosaic Company (NYSE:MOS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 165,239 shares of the basic materials company's stock, valued at approximately $4,062,000. KLP Kapitalforvaltning AS owned approximately 0.05% of Mosaic at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. 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 buying an additional 587 shares in the last quarter. R Squared Ltd acquired a new position in shares of Mosaic during the fourth quarter valued at $33,000. Tobam bought a new position in Mosaic in the fourth quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC raised its holdings 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 purchasing an additional 1,809 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MOS has been the subject of several analyst reports. Morgan Stanley lowered their price target 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. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target on the stock in a research note on Thursday, March 20th. Piper Sandler lifted their price objective on Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company increased their target price on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Mosaic has a consensus rating of "Hold" and a consensus price target of $32.67.

Remove Ads

Mosaic Stock Down 0.8 %

NYSE MOS traded down $0.22 during trading hours on Friday, reaching $27.26. 3,656,213 shares of the company's stock were exchanged, compared to its average volume of 4,484,670. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company's 50-day moving average is $26.58 and its two-hundred day moving average is $26.22. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is 160.00%.

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.