The Mosaic Company (NYSE:MOS) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its position in The Mosaic Company (NYSE:MOS) by 136.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,495 shares of the basic materials company’s stock after purchasing an additional 10,664 shares during the quarter. Moors & Cabot Inc.’s holdings in Mosaic were worth $455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 354 shares during the last quarter. Intellectus Partners LLC lifted its position in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System boosted its stake in Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after buying an additional 471 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after buying an additional 570 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Mosaic by 110.8% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MOS. The Goldman Sachs Group initiated coverage on shares of Mosaic in a report on Thursday. They issued a “buy” rating and a $31.00 price objective for the company. CIBC initiated coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Scotiabank reduced their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 3rd. Piper Sandler upped their price objective on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada raised their target price on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 4th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus price target of $31.64.

Mosaic Stock Performance

NYSE MOS opened at $25.91 on Friday. 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 market cap of $8.21 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.42 and a beta of 1.34. The stock has a 50-day moving average of $26.28 and a two-hundred day moving average of $26.19. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.40%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is presently 160.00%.

Mosaic Company 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.