Colrain Capital LLC Buys Shares of 164,000 The Mosaic Company (NYSE:MOS)

Colrain Capital LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 164,000 shares of the basic materials company’s stock, valued at approximately $4,031,000. Mosaic comprises 4.0% of Colrain Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Colrain Capital LLC owned about 0.05% of Mosaic at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group raised its stake in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd purchased a new position in Mosaic in the fourth quarter worth $33,000. Tobam acquired a new stake in Mosaic in the fourth quarter valued at $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Mosaic during the 4th quarter worth $41,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Mosaic during the 4th quarter worth $55,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of NYSE MOS opened at $27.26 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market cap of $8.64 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a 50-day simple moving average of $26.58 and a 200-day simple moving average of $26.22. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.23%. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MOS. Scotiabank raised their price objective on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Mizuho decreased 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. Morgan Stanley dropped their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.