LPL Financial LLC boosted its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,207 shares of the basic materials company's stock after purchasing an additional 23,855 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Mosaic worth $7,330,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group lifted its position 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 worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new stake in Mosaic during the fourth quarter valued at approximately $33,000. Tobam bought a new position in Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic in the 4th quarter worth approximately $41,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Mosaic in the 4th quarter valued at approximately $55,000. 77.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Mosaic in a research note on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective on the stock. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a report on Wednesday. Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Piper Sandler reissued a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. Finally, Mizuho lowered their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.58.
Get Our Latest Stock Report on Mosaic
Mosaic Stock Performance
MOS stock traded up $1.52 during trading on Friday, reaching $25.72. 6,238,216 shares of the company's stock were exchanged, compared to its average volume of 4,577,764. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.29. The company's fifty day moving average price is $25.82 and its 200-day moving average price 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. The firm has a market cap of $8.15 billion, a PE ratio of 22.76, a P/E/G ratio of 1.42 and a beta of 1.04.
Mosaic Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.42%. Mosaic's payout ratio is 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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