The Mosaic Company (NYSE:MOS) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in The Mosaic Company (NYSE:MOS) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,893 shares of the basic materials company’s stock after buying an additional 1,489 shares during the period. Asset Management One Co. Ltd.’s holdings in Mosaic were worth $2,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Mosaic by 110.8% in the fourth 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 during the last quarter. R Squared Ltd acquired a new stake in shares of Mosaic in the fourth quarter valued at about $33,000. Tobam acquired a new stake in shares of Mosaic in the fourth quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at about $41,000. Finally, Blue Trust Inc. increased its position in Mosaic by 46.4% during the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 570 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS opened at $27.13 on Thursday. The Mosaic Company has a 1-year low of $23.56 and a 1-year high of $33.44. The stock has a market cap of $8.62 billion, a PE ratio of 24.01, a P/E/G ratio of 1.42 and a beta of 1.34. The firm has a 50-day simple moving average of $26.22 and a two-hundred day simple moving average of $26.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.24%. Mosaic’s dividend payout ratio (DPR) is presently 77.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MOS shares. Morgan Stanley cut their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Piper Sandler raised their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Barclays cut shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.80.

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.