Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 502,430 shares of the basic materials company's stock after buying an additional 70,898 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Mosaic worth $12,636,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in MOS. 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 buying an additional 587 shares during the period. R Squared Ltd purchased a new stake in shares of Mosaic during the 4th quarter worth $33,000. Tobam bought a new stake in Mosaic during the fourth quarter valued at about $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic in the fourth quarter valued at about $41,000. Finally, Ethos Financial Group LLC purchased a new position in Mosaic in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 77.54% of the company's stock.
Mosaic Stock Performance
Shares of Mosaic stock traded down $0.57 during trading on Thursday, hitting $25.91. 7,706,864 shares of the company's stock were exchanged, compared to its average volume of 4,487,644. The Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44. 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 has a market capitalization of $8.21 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.42 and a beta of 1.34. The business has a 50-day simple moving average of $26.55 and a 200-day simple moving average of $26.24.
Mosaic Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.40%. Mosaic's payout ratio is 160.00%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MOS. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Wells Fargo & Company lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. The Goldman Sachs Group assumed coverage on Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective for the company. Mizuho dropped their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Finally, Scotiabank increased their price target on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.67.
Get Our Latest Stock Report on MOS
Mosaic Profile
(
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.
Further Reading
Before you consider Mosaic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mosaic wasn't on the list.
While Mosaic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
