Charles Schwab Investment Management Inc. Grows Position in The Mosaic Company (NYSE:MOS)

Charles Schwab Investment Management Inc. increased its position in shares of The Mosaic Company (NYSE:MOS) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,368,596 shares of the basic materials company’s stock after buying an additional 150,186 shares during the period. Charles Schwab Investment Management Inc. owned about 1.06% of Mosaic worth $82,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after purchasing an additional 178,844 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after purchasing an additional 947,500 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after purchasing an additional 359,760 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Mosaic by 190.8% in the fourth 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. Finally, Swedbank AB boosted its holdings in Mosaic by 9.3% in the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after purchasing an additional 117,838 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Price Performance

Shares of NYSE MOS opened at $24.92 on Tuesday. 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 fifty day moving average price of $26.24 and a 200 day moving average price of $26.27. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44. The company has a market cap of $7.90 billion, a PE ratio of 22.05, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.53%. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MOS shares. Royal Bank of Canada upped their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, March 4th. Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Wells Fargo & Company decreased their price objective on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Piper Sandler increased 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, Barclays raised Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective for the company in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.70.

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.