Candriam S.C.A. Has $1.15 Million Stock Position in The Mosaic Company (NYSE:MOS)

Candriam S.C.A. raised its stake in The Mosaic Company (NYSE:MOS) by 102.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,812 shares of the basic materials company’s stock after purchasing an additional 23,676 shares during the quarter. Candriam S.C.A.’s holdings in Mosaic were worth $1,151,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Ethos Financial Group LLC bought a new position in shares of Mosaic in the fourth quarter valued at $55,000. Raymond James Financial Inc. bought a new position in shares of Mosaic in the 4th quarter valued at about $3,599,000. Arizona State Retirement System increased its stake in shares of Mosaic by 0.5% during the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after purchasing an additional 471 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Mosaic in the 4th quarter valued at about $1,054,000. Finally, Assetmark Inc. acquired a new stake in Mosaic in the 4th quarter valued at about $503,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $25.10 on Monday. The firm has a market cap of $7.95 billion, a PE ratio of 22.21, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12-month low of $22.48 and a 12-month high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is $26.22 and its two-hundred day moving average price is $26.29.

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 3.51%. 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%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOS shares. Barclays raised 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, March 5th. Oppenheimer began coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. Piper Sandler raised their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Royal Bank of Canada increased their price objective on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Finally, CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average target price of $31.70.

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.