Russell Investments Group Ltd. Acquires 229,743 Shares of The Mosaic Company (NYSE:MOS)

Russell Investments Group Ltd. grew its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,205,005 shares of the basic materials company's stock after purchasing an additional 229,743 shares during the quarter. Russell Investments Group Ltd. owned about 0.38% of Mosaic worth $29,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MOS. Aviva PLC acquired a new stake in shares of Mosaic during the 4th quarter worth approximately $4,417,000. Resona Asset Management Co. Ltd. acquired a new stake in Mosaic in the fourth quarter worth $2,347,000. Foundry Partners LLC bought a new stake in Mosaic in the fourth quarter valued at $14,155,000. Donald Smith & CO. Inc. raised its holdings in shares of Mosaic by 14.0% during the fourth 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, Huntington National Bank boosted its position in shares of Mosaic by 54.1% during the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after purchasing an additional 1,185 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on MOS shares. Royal Bank of Canada increased their price target on Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Mizuho lowered their target price 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. The Goldman Sachs Group initiated coverage on Mosaic in a research note on Thursday, March 13th. They set a "buy" rating and a $31.00 price target for the company. Finally, Wells Fargo & Company raised their target price on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.58.

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Mosaic Stock Performance

Shares of Mosaic stock traded up $0.65 on Monday, reaching $26.46. 828,515 shares of the company traded hands, compared to its average volume of 5,822,512. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $32.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a 50 day moving average of $25.82 and a 200 day moving average of $26.14. The firm has a market capitalization of $8.39 billion, a PE ratio of 23.42, a PEG ratio of 1.42 and a beta of 1.04.

Mosaic Dividend Announcement

The company 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 $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.33%. Mosaic's payout ratio is presently 160.00%.

Mosaic 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.