The Mosaic Company (NYSE:MOS) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its stake in shares of The Mosaic Company (NYSE:MOS) by 136.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,495 shares of the basic materials company’s stock after purchasing an additional 10,664 shares during the period. Moors & Cabot Inc.’s holdings in Mosaic were worth $455,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MOS. Pacer Advisors Inc. boosted its position in shares of Mosaic by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after acquiring an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 44.2% in the third 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 purchasing an additional 986,812 shares in the last quarter. Swedbank AB increased its stake in Mosaic by 2.3% in the third quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after purchasing an additional 28,816 shares during the last quarter. OLD National Bancorp IN raised its holdings in Mosaic by 33.8% during the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $1,251,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE:MOS opened at $25.91 on Friday. 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 firm has a market cap of $8.21 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The firm’s fifty day moving average price is $26.28 and its 200 day moving average price is $26.19. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.40%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is 160.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Oppenheimer started coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Royal Bank of Canada lifted their target price on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. Mizuho decreased their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Piper Sandler lifted their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Scotiabank decreased their price objective on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a report on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.64.

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.