Metis Global Partners LLC Has $1.06 Million Stock Position in The Mosaic Company (NYSE:MOS)

Metis Global Partners LLC grew its stake in shares of The Mosaic Company (NYSE:MOS) by 49.2% during the 4th quarter, Holdings Channel reports. The firm owned 43,259 shares of the basic materials company’s stock after buying an additional 14,256 shares during the period. Metis Global Partners LLC’s holdings in Mosaic were worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MOS. Allianz Asset Management GmbH increased its position in shares of Mosaic by 190.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after purchasing an additional 1,045,812 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after acquiring an additional 986,812 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after acquiring an additional 947,500 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in shares of Mosaic by 13.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after acquiring an additional 359,760 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Mosaic by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after acquiring an additional 178,844 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MOS. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Piper Sandler lifted their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Mizuho reduced their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday. Scotiabank reduced their target price on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, Wells Fargo & Company reduced their price target on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.90.

Mosaic Stock Performance

MOS opened at $23.34 on Tuesday. The business has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $26.39. The company has a market capitalization of $7.41 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1 year low of $23.05 and a 1 year high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.77%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is presently 160.00%.

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.