Norges Bank bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,961,081 shares of the basic materials company's stock, valued at approximately $97,363,000. Norges Bank owned approximately 1.25% of Mosaic as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL boosted its stake in shares of Mosaic by 15.1% during the 4th quarter. Blair William & Co. IL now owns 34,962 shares of the basic materials company's stock worth $859,000 after acquiring an additional 4,574 shares during the period. NEOS Investment Management LLC boosted its position in Mosaic by 29.1% during the 4th quarter. NEOS Investment Management LLC now owns 16,532 shares of the basic materials company's stock worth $406,000 after buying an additional 3,726 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Mosaic by 13.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 67,195 shares of the basic materials company's stock valued at $1,652,000 after acquiring an additional 7,778 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Mosaic during the fourth quarter worth approximately $949,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Mosaic by 16.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 502,430 shares of the basic materials company's stock worth $12,636,000 after buying an additional 70,898 shares during the period. Institutional investors own 77.54% of the company's stock.
Mosaic Stock Performance
Shares of NYSE:MOS traded down $2.49 during trading on Friday, hitting $23.48. The company's stock had a trading volume of 10,126,846 shares, compared to its average volume of 4,513,154. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The company has a 50-day moving average of $26.39 and a 200-day moving average of $26.23. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.42 and a beta of 1.34. 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 Dividend Announcement
The business also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is 160.00%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MOS. Mizuho cut their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Morgan Stanley dropped their price objective on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Finally, CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.83.
Check Out Our Latest Stock Report on MOS
Mosaic Company Profile
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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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