IHT Wealth Management LLC Acquires New Shares in The Mosaic Company (NYSE:MOS)

IHT Wealth Management LLC bought a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,308 shares of the basic materials company's stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MOS. Brooklyn Investment Group lifted its holdings in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new stake in Mosaic in the 4th quarter valued at approximately $33,000. Tobam acquired a new stake in Mosaic in the 4th quarter valued at approximately $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the 4th quarter valued at approximately $41,000. Finally, Ethos Financial Group LLC acquired a new stake in Mosaic in the 4th quarter valued at approximately $55,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MOS. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a research report on Thursday, March 20th. Wells Fargo & Company lifted their price target on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Morgan Stanley lowered their price target on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded Mosaic from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group assumed coverage on Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target on the stock. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.42.

Mosaic Stock Up 0.1 %

Shares of Mosaic stock traded up $0.04 during midday trading on Thursday, hitting $30.44. The company's stock had a trading volume of 6,151,750 shares, compared to its average volume of 5,721,312. The firm has a market capitalization of $9.65 billion, a P/E ratio of 26.94, a PEG ratio of 1.42 and a beta of 1.04. The stock has a 50-day simple moving average of $26.19 and a 200-day simple moving average of $26.29. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.29.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.89%. Mosaic's 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.