Resona Asset Management Co. Ltd. purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 95,843 shares of the basic materials company's stock, valued at approximately $2,347,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group lifted its holdings in 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 acquiring an additional 587 shares in the last quarter. R Squared Ltd bought a new position in shares of Mosaic during the 4th quarter valued at about $33,000. Tobam bought a new stake in Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic during the 4th quarter worth approximately $41,000. Finally, Ethos Financial Group LLC bought a new position in Mosaic in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 77.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Morgan Stanley reduced their price objective on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Mizuho decreased their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Piper Sandler restated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Finally, 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 research note on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.58.
Check Out Our Latest Stock Report on Mosaic
Mosaic Stock Down 0.3 %
MOS traded down $0.09 during trading on Tuesday, reaching $26.49. 778,283 shares of the stock were exchanged, compared to its average volume of 4,569,756. 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 stock's 50 day moving average price is $25.80 and its two-hundred day moving average price is $26.14. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $32.29. The stock has a market cap of $8.39 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.
Mosaic Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders 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 dividend yield of 3.32%. Mosaic's dividend payout ratio is presently 160.00%.
Mosaic 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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