StoneX Group Inc. Takes $249,000 Position in The Mosaic Company (NYSE:MOS)

StoneX Group Inc. bought a new position in The Mosaic Company (NYSE:MOS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,117 shares of the basic materials company's stock, valued at approximately $249,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group increased its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after buying an additional 587 shares during the period. R Squared Ltd purchased a new position in shares of Mosaic in the fourth quarter valued at about $33,000. Tobam bought a new position in shares of Mosaic during the fourth quarter valued at about $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Mosaic during the fourth quarter worth about $41,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Mosaic in the fourth quarter worth about $55,000. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 0.4 %

NYSE:MOS traded down $0.09 on Monday, reaching $23.36. 3,200,654 shares of the stock traded hands, compared to its average volume of 4,508,551. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.42 and a beta of 1.04. The Mosaic Company has a 12 month low of $22.44 and a 12 month high of $33.44. The company's fifty day simple moving average is $26.39 and its 200 day simple moving average is $26.23.

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Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors 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 yield of 3.77%. Mosaic's payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank boosted their target price on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective on the stock. Royal Bank of Canada boosted their price target on shares of Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. Finally, Morgan Stanley reduced their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of "Hold" and an average price target of $32.58.

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.