Intellectus Partners LLC Has $304,000 Stock Holdings in The Mosaic Company (NYSE:MOS)

Intellectus Partners LLC boosted its stake in The Mosaic Company (NYSE:MOS) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,350 shares of the basic materials company’s stock after buying an additional 400 shares during the period. Intellectus Partners LLC’s holdings in Mosaic were worth $304,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. grew its position in shares of Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock valued at $1,814,000 after purchasing an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares in the last quarter. Swedbank AB increased its position in Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after buying an additional 28,816 shares during the period. OLD National Bancorp IN increased its position in Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after buying an additional 73,653 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Mosaic during the third quarter worth $1,251,000. 77.54% of the stock is owned by institutional investors.

Mosaic Trading Up 1.5 %

Shares of MOS stock opened at $25.10 on Friday. The Mosaic Company has a fifty-two week low of $22.48 and a fifty-two week high of $33.44. The stock’s fifty day moving average price is $26.22 and its two-hundred day moving average price is $26.30. 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 company has a market cap of $7.95 billion, a PE ratio of 22.21, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.51%. Mosaic’s dividend payout ratio (DPR) is 160.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays raised shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price target on the stock in a research report on Wednesday. Morgan Stanley lowered their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada boosted their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. CIBC initiated coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, Piper Sandler lifted their price objective on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $31.70.

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.