Blueshift Asset Management LLC Buys 6,762 Shares of The Mosaic Company (NYSE:MOS)

Blueshift Asset Management LLC lifted its stake in shares of The Mosaic Company (NYSE:MOS) by 81.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,049 shares of the basic materials company’s stock after acquiring an additional 6,762 shares during the quarter. Blueshift Asset Management LLC’s holdings in Mosaic were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MOS. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares during the period. R Squared Ltd bought a new position in Mosaic in the 4th quarter worth approximately $33,000. Tobam bought a new position in Mosaic in the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new position in Mosaic in the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC boosted its stake in Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MOS. Mizuho dropped their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Oppenheimer upgraded 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. The Goldman Sachs Group started coverage on Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 price target on the stock. Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $33.00 in a research note on Wednesday. Finally, Piper Sandler increased 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. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.67.

Mosaic Price Performance

MOS opened at $27.83 on Friday. The Mosaic Company has a 12-month low of $22.48 and a 12-month high of $33.44. The business’s fifty day simple moving average is $26.54 and its 200-day simple moving average is $26.17. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, June 5th. Mosaic’s payout ratio is currently 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.