Capital World Investors trimmed its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 70.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,456,196 shares of the basic materials company's stock after selling 8,080,171 shares during the period. Capital World Investors owned approximately 1.09% of Mosaic worth $84,953,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Covalis Capital LLP bought a new stake in Mosaic during the fourth quarter valued at about $27,031,000. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Mosaic by 319.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 825,046 shares of the basic materials company's stock valued at $20,260,000 after acquiring an additional 628,251 shares during the period. United Capital Financial Advisors LLC lifted its stake in shares of Mosaic by 7.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after buying an additional 592 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Mosaic by 29.4% in the fourth quarter. Guggenheim Capital LLC now owns 44,019 shares of the basic materials company's stock valued at $1,082,000 after buying an additional 10,013 shares during the period. 77.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on MOS shares. JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their target price for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Piper Sandler reiterated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Wells Fargo & Company increased their target price on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, UBS Group reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mosaic presently has an average rating of "Moderate Buy" and an average target price of $32.42.
Read Our Latest Stock Analysis on MOS
Mosaic Price Performance
Shares of NYSE MOS traded up $0.19 during mid-day trading on Friday, hitting $29.12. 3,647,897 shares of the stock were exchanged, compared to its average volume of 4,628,608. The company has a market cap of $9.23 billion, a P/E ratio of 25.77, a PEG ratio of 1.42 and a beta of 1.04. The stock's fifty day simple moving average is $25.97 and its two-hundred day simple moving average is $26.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $32.29.
Mosaic Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.02%. Mosaic's payout ratio is 160.00%.
About Mosaic
(
Free Report)
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.
Featured Articles
Before you consider Mosaic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mosaic wasn't on the list.
While Mosaic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
