StoneX Group Inc. Takes $249,000 Position in The Mosaic Company (NYSE:MOS)

StoneX Group Inc. purchased a new position in shares of The Mosaic Company (NYSE:MOS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,117 shares of the basic materials company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI increased its position in shares of Mosaic by 8.2% during the fourth quarter. National Bank of Canada FI now owns 265,262 shares of the basic materials company’s stock worth $6,520,000 after purchasing an additional 20,163 shares in the last quarter. Colrain Capital LLC acquired a new position in Mosaic during the fourth quarter worth approximately $4,031,000. Summit Financial LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $3,565,000. Alliancebernstein L.P. boosted its holdings in shares of Mosaic by 1.3% in the fourth quarter. Alliancebernstein L.P. now owns 367,115 shares of the basic materials company’s stock valued at $9,024,000 after acquiring an additional 4,783 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of Mosaic by 4.2% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 875,000 shares of the basic materials company’s stock valued at $21,508,000 after acquiring an additional 35,000 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Trading Down 1.0 %

Shares of MOS opened at $26.52 on Thursday. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.41 billion, a P/E ratio of 23.47, a PEG ratio of 1.42 and a beta of 1.34. The firm’s 50-day moving average is $26.55 and its two-hundred day moving average is $26.24.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a report on Thursday, March 20th. 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 report on Wednesday, March 19th. The Goldman Sachs Group assumed coverage on Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective for the company. Finally, Royal Bank of Canada upped their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.67.

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.