Oxford Asset Management LLP Increases Position in The Mosaic Company (NYSE:MOS)

Oxford Asset Management LLP raised its position in The Mosaic Company (NYSE:MOS - Free Report) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,527 shares of the basic materials company's stock after purchasing an additional 10,639 shares during the quarter. Oxford Asset Management LLP's holdings in Mosaic were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MOS. Virtu Financial LLC acquired a new stake in shares of Mosaic in the third quarter valued at approximately $303,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Mosaic by 12.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 12,282 shares of the basic materials company's stock worth $329,000 after acquiring an additional 1,371 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Mosaic by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 39,617 shares of the basic materials company's stock worth $1,061,000 after acquiring an additional 1,534 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Mosaic by 30.3% during the 3rd quarter. Franklin Resources Inc. now owns 300,338 shares of the basic materials company's stock worth $7,854,000 after acquiring an additional 69,763 shares during the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in Mosaic by 16.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 139,380 shares of the basic materials company's stock valued at $3,733,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Up 0.4 %

MOS traded up $0.12 during trading on Thursday, hitting $30.52. 2,098,504 shares of the company's stock were exchanged, compared to its average volume of 4,623,523. The business's 50 day moving average is $26.19 and its two-hundred day moving average is $26.29. The stock has a market cap of $9.67 billion, a P/E ratio of 27.04, a PEG ratio of 1.42 and a beta of 1.04. 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 fifty-two week low of $22.36 and a fifty-two week high of $32.29.

Mosaic Announces Dividend

The business also recently declared 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 of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.88%. Mosaic's payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

MOS has been the subject of several recent research reports. Barclays upgraded Mosaic from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. Piper Sandler reiterated a "neutral" rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. The Goldman Sachs Group initiated coverage on Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 target price for the company. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Scotiabank upped their price objective on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 19th. Seven research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.42.

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.