Ranmore Fund Management Ltd bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 260,000 shares of the basic materials company's stock, valued at approximately $6,391,000. Mosaic accounts for 5.9% of Ranmore Fund Management Ltd's investment portfolio, making the stock its 10th biggest position. Ranmore Fund Management Ltd owned about 0.08% of Mosaic at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in Mosaic in the 4th quarter worth approximately $97,363,000. Allianz Asset Management GmbH boosted its holdings in shares of Mosaic by 190.8% in 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 acquiring an additional 1,045,812 shares during the period. Foundry Partners LLC purchased a new position in shares of Mosaic in the fourth quarter valued at $14,155,000. Donald Smith & CO. Inc. raised its stake in shares of Mosaic by 14.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company's stock valued at $77,135,000 after purchasing an additional 386,545 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Mosaic by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after purchasing an additional 269,650 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.
Mosaic Price Performance
Shares of NYSE MOS traded up $1.52 during trading hours on Friday, reaching $25.72. 6,238,216 shares of the stock traded hands, compared to its average volume of 4,577,764. The company's 50-day simple moving average is $25.82 and its two-hundred day simple moving average is $26.14. The company has a market capitalization of $8.15 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $32.29. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.42%. Mosaic's payout ratio is 160.00%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MOS. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Piper Sandler reaffirmed a "neutral" rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Finally, 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. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mosaic presently has an average rating of "Moderate Buy" and an average target price of $32.58.
Check Out Our Latest Analysis on MOS
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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