Mufg Securities Americas Inc. Makes New $115,000 Investment in The Mosaic Company (NYSE:MOS)

Mufg Securities Americas Inc. bought a new position in The Mosaic Company (NYSE:MOS) in the fourth quarter, Holdings Channel reports. The firm bought 4,690 shares of the basic materials company’s stock, valued at approximately $115,000.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group increased its position in 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 last quarter. R Squared Ltd purchased a new stake in Mosaic in the fourth quarter worth $33,000. Tobam purchased a new stake in Mosaic in the fourth quarter worth $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the fourth quarter worth $41,000. Finally, Ethos Financial Group LLC purchased a new stake in Mosaic in the fourth quarter worth $55,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent research reports. Piper Sandler reissued a “neutral” rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. JPMorgan Chase & Co. raised their price target on Mosaic from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Barclays reaffirmed an “overweight” rating and issued a $40.00 price target (up from $33.00) on shares of Mosaic in a report on Wednesday. UBS Group raised their price target on Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Finally, BNP Paribas raised Mosaic to a “strong-buy” rating in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.58.

Mosaic Price Performance

NYSE:MOS opened at $35.21 on Friday. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 1.42 and a beta of 1.09. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $35.32. The stock has a fifty day moving average of $28.06 and a 200 day moving average of $26.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, research analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is 75.86%.

About Mosaic

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.