The Mosaic Company (NYSE:MOS) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 24.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,041,218 shares of the basic materials company's stock after buying an additional 2,151,426 shares during the period. Dimensional Fund Advisors LP owned approximately 3.48% of Mosaic worth $271,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Mosaic in the 4th quarter worth approximately $97,363,000. Invesco Ltd. boosted its stake in shares of Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after purchasing an additional 3,058,243 shares during the period. Allianz Asset Management GmbH grew its holdings in Mosaic by 190.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock valued at $39,178,000 after purchasing an additional 1,045,812 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Mosaic by 319.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 825,046 shares of the basic materials company's stock worth $20,260,000 after buying an additional 628,251 shares during the period. Finally, Foundry Partners LLC purchased a new position in Mosaic in the 4th quarter valued at about $14,155,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

NYSE MOS traded up $0.96 during trading hours on Thursday, reaching $28.91. The company's stock had a trading volume of 6,138,935 shares, compared to its average volume of 4,624,928. The stock has a market cap of $9.16 billion, a PE ratio of 25.58, a PEG ratio of 1.42 and a beta of 1.04. The business has a 50-day simple moving average of $25.88 and a 200 day simple moving average of $26.16. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $32.29. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.04%. Mosaic's dividend payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Morgan Stanley reduced their target price 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. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Finally, Wells Fargo & Company raised their price objective 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. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.42.

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.