42,868 Shares in The Mosaic Company (NYSE:MOS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,868 shares of the basic materials company’s stock, valued at approximately $1,054,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake 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 worth $228,018,000 after purchasing an additional 178,844 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mosaic by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after buying an additional 150,186 shares during the period. Two Sigma Advisers LP lifted its holdings in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after buying an additional 947,500 shares during the period. Allianz Asset Management GmbH lifted its holdings in Mosaic by 190.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares during the period. Finally, Swedbank AB lifted its holdings in Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock worth $34,101,000 after buying an additional 117,838 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

NYSE MOS opened at $27.83 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 stock’s fifty day moving average price is $26.54 and its 200 day moving average price is $26.17. 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 $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 company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is 160.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on MOS. Morgan Stanley lowered their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $27.00 to $33.00 in a report on Wednesday. CIBC initiated coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. 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, Mizuho decreased their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $32.67.

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.