Jones Financial Companies Lllp Raises Stock Position in The Mosaic Company (NYSE:MOS)

Jones Financial Companies Lllp lifted its stake in shares of The Mosaic Company (NYSE:MOS) by 59.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,682 shares of the basic materials company’s stock after buying an additional 2,867 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mosaic were worth $189,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of Mosaic by 110.8% during the 4th 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 4th quarter valued at $33,000. Tobam purchased a new stake in Mosaic in the 4th quarter valued at $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC raised its position in Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MOS shares. Morgan Stanley reduced their price target 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. Scotiabank dropped their price objective on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group assumed coverage on shares of Mosaic in a research note on Thursday. They issued a “buy” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.64.

Mosaic Price Performance

Shares of NYSE MOS opened at $25.12 on Friday. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $26.26 and its 200 day moving average price is $26.23. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.50%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is 160.00%.

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.