EntryPoint Capital LLC Acquires New Holdings in The Mosaic Company (NYSE:MOS)

EntryPoint Capital LLC purchased a new stake in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,704 shares of the basic materials company’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MOS. Natixis Advisors LLC acquired a new stake in shares of Mosaic in the third quarter valued at $299,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Mosaic during the third quarter valued at $218,000. PNC Financial Services Group Inc. boosted its position in shares of Mosaic by 9.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,641 shares of the basic materials company’s stock valued at $1,249,000 after purchasing an additional 4,012 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Mosaic by 44.2% in 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 purchasing an additional 986,812 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Mosaic by 159.0% during the 3rd quarter. Cerity Partners LLC now owns 61,401 shares of the basic materials company’s stock worth $1,644,000 after buying an additional 37,695 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 0.7 %

Mosaic stock opened at $27.64 on Tuesday. 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 Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44. The firm’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $26.16. The company has a market capitalization of $8.76 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.18%. Mosaic’s dividend payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $27.00 to $33.00 in a research report on Wednesday, March 19th. Wells Fargo & Company upped their target price on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Finally, Oppenheimer raised shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.67.

About Mosaic

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.