Northern Trust Corp Grows Stock Holdings in The Mosaic Company (NYSE:MOS)

Northern Trust Corp increased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,171,642 shares of the basic materials company's stock after purchasing an additional 287,493 shares during the period. Northern Trust Corp owned approximately 1.63% of Mosaic worth $127,119,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Mosaic during the 3rd quarter worth $303,000. Wilmington Savings Fund Society FSB lifted its position in shares of Mosaic by 12.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 12,282 shares of the basic materials company's stock valued at $329,000 after buying an additional 1,371 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Mosaic by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 39,617 shares of the basic materials company's stock valued at $1,061,000 after buying an additional 1,534 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Mosaic by 30.3% in the 3rd quarter. Franklin Resources Inc. now owns 300,338 shares of the basic materials company's stock worth $7,854,000 after buying an additional 69,763 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its position in Mosaic by 6.3% during the fourth quarter. Confluence Investment Management LLC now owns 14,527 shares of the basic materials company's stock valued at $357,000 after acquiring an additional 863 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotiabank raised their price target on shares of Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 19th. Wells Fargo & Company lifted their price target on Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. upgraded Mosaic from a "neutral" rating to an "overweight" rating and upped their target price for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Royal Bank of Canada raised their price target 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. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.42.

Mosaic Stock Performance

MOS traded down $0.18 during trading on Tuesday, hitting $30.43. 7,587,825 shares of the stock were exchanged, compared to its average volume of 4,605,166. The stock has a fifty day moving average price of $26.49 and a two-hundred day moving average price of $26.39. The firm has a market capitalization of $9.64 billion, a P/E ratio of 26.93, a PEG ratio of 1.42 and a beta of 1.09. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.29. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is presently 160.00%.

Mosaic 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.