42,868 Shares in The Mosaic Company (NYSE:MOS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired 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 & Exchange Commission. The fund acquired 42,868 shares of the basic materials company's stock, valued at approximately $1,054,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MOS. Allianz Asset Management GmbH lifted its stake in shares of Mosaic by 190.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock worth $39,178,000 after purchasing an additional 1,045,812 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company's stock worth $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company's stock worth $87,817,000 after acquiring an additional 947,500 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company's stock worth $78,717,000 after acquiring an additional 359,760 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company's stock worth $228,018,000 after acquiring an additional 178,844 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently commented on MOS shares. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Morgan Stanley cut 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. Scotiabank cut their price target on Mosaic from $34.00 to $31.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 3rd. Finally, Piper Sandler boosted their price objective on Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Mosaic has an average rating of "Hold" and a consensus price target of $31.70.

Mosaic Stock Up 1.5 %

Mosaic stock traded up $0.38 during midday trading on Friday, hitting $25.10. The stock had a trading volume of 6,437,629 shares, compared to its average volume of 5,817,999. The stock has a market cap of $7.95 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.42 and a beta of 1.34. The business has a fifty day moving average price of $26.22 and a 200 day moving average price of $26.31. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Mosaic's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. 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.