ANTIPODES PARTNERS Ltd Grows Stock Position in The Mosaic Company (NYSE:MOS)

ANTIPODES PARTNERS Ltd lifted its stake in The Mosaic Company (NYSE:MOS) by 115.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,166 shares of the basic materials company’s stock after purchasing an additional 1,694 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Mosaic were worth $78,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 587 shares during the period. R Squared Ltd purchased a new position in Mosaic in the fourth quarter valued at $33,000. Tobam purchased a new position in Mosaic in the fourth quarter valued at $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC raised its stake in Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on MOS shares. Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Scotiabank cut their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 3rd. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, Barclays upgraded Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price target on the stock in a research note on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.70.

Mosaic Stock Down 0.7 %

MOS opened at $24.69 on Thursday. The business’s 50-day simple moving average is $26.25 and its 200-day simple moving average is $26.23. 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 Mosaic Company has a one year low of $22.48 and a one year high of $33.44. The stock has a market capitalization of $7.82 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is 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.