The Mosaic Company (NYSE:MOS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in The Mosaic Company (NYSE:MOS) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,621,001 shares of the basic materials company’s stock after purchasing an additional 269,650 shares during the period. Geode Capital Management LLC owned 2.71% of Mosaic worth $218,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in shares of 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 buying an additional 587 shares during the period. R Squared Ltd purchased a new position in shares of Mosaic in the 4th quarter worth about $33,000. Tobam acquired a new position in shares of Mosaic in the 4th quarter valued at about $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Mosaic during the 4th quarter worth about $41,000. Finally, Ethos Financial Group LLC acquired a new stake in Mosaic during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $23.48 on Friday. The business has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $26.23. 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 has a market cap of $7.44 billion, a price-to-earnings ratio of 20.77, 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 3.75%. Mosaic’s dividend payout ratio is currently 160.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MOS. Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Mizuho lowered their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Thursday, March 20th. Piper Sandler reaffirmed a “neutral” rating on shares of Mosaic in a research report on Thursday, March 27th. Finally, Scotiabank boosted their price target on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $32.83.

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.