Guggenheim Capital LLC Grows Position in The Mosaic Company (NYSE:MOS)

Guggenheim Capital LLC raised its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,019 shares of the basic materials company's stock after purchasing an additional 10,013 shares during the quarter. Guggenheim Capital LLC's holdings in Mosaic were worth $1,082,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Mosaic during the 4th quarter worth about $5,033,000. Canada Post Corp Registered Pension Plan acquired a new stake in Mosaic in the 4th quarter valued at about $104,000. CreativeOne Wealth LLC acquired a new stake in Mosaic in the 4th quarter valued at about $206,000. Mariner LLC raised its holdings in Mosaic by 12.9% in the 4th quarter. Mariner LLC now owns 52,757 shares of the basic materials company's stock valued at $1,297,000 after acquiring an additional 6,027 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Mosaic by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 19,115 shares of the basic materials company's stock worth $470,000 after buying an additional 6,919 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MOS shares. Piper Sandler restated a "neutral" rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Royal Bank of Canada increased their price objective on shares of Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. UBS Group lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group began coverage on Mosaic in a report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price for the company. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and an average price target of $32.42.

Mosaic Stock Up 1.3 %

Shares of MOS traded up $0.39 during mid-day trading on Monday, reaching $29.52. The company's stock had a trading volume of 5,474,073 shares, compared to its average volume of 4,631,990. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $32.29. The stock has a market cap of $9.36 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. 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 company's 50 day moving average is $26.02 and its 200 day moving average is $26.24.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. 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 2.98%. Mosaic's dividend payout ratio is presently 160.00%.

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.