Xponance Inc. Purchases 4,575 Shares of The Mosaic Company (NYSE:MOS)

Xponance Inc. grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,463 shares of the basic materials company’s stock after buying an additional 4,575 shares during the quarter. Xponance Inc.’s holdings in Mosaic were worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group lifted its holdings in Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd bought a new stake in shares of Mosaic during the fourth quarter valued at approximately $33,000. Tobam purchased a new stake in shares of Mosaic in the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC bought a new position in Mosaic in the fourth quarter worth approximately $41,000. Finally, Larson Financial Group LLC increased its holdings in Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Down 1.9 %

Mosaic stock opened at $27.83 on Monday. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44. The business has a fifty day moving average price of $26.54 and a 200-day moving average price of $26.15. 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 stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is presently 160.00%.

Analyst Ratings Changes

MOS has been the subject of several research reports. Royal Bank of Canada upped their target price on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Piper Sandler increased their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $26.00 to $29.00 in a report on Monday, March 3rd. Scotiabank increased their price objective on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company upped their target price on Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.67.

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.