Thompson Siegel & Walmsley LLC raised its position in The Mosaic Company (NYSE:MOS – Free Report) by 35.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,978,232 shares of the basic materials company’s stock after purchasing an additional 785,057 shares during the quarter. Mosaic accounts for approximately 1.2% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 15th largest position. Thompson Siegel & Walmsley LLC’s holdings in Mosaic were worth $71,746,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after purchasing an additional 461,524 shares during the period. State Street Corp raised its position in Mosaic by 2.0% in the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock valued at $476,293,000 after purchasing an additional 251,496 shares during the period. Dimensional Fund Advisors LP raised its position in Mosaic by 11.4% in the third quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after purchasing an additional 1,285,883 shares during the period. Invesco Ltd. raised its position in Mosaic by 3.7% in the third quarter. Invesco Ltd. now owns 9,186,429 shares of the basic materials company’s stock valued at $318,585,000 after purchasing an additional 331,739 shares during the period. Finally, Geode Capital Management LLC raised its position in Mosaic by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after purchasing an additional 63,822 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Mosaic Stock Performance
NYSE:MOS opened at $23.93 on Monday. The company has a fifty day simple moving average of $23.97 and a two-hundred day simple moving average of $25.56. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 184.11, a price-to-earnings-growth ratio of 2.83 and a beta of 0.79. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 52 week low of $20.89 and a 52 week high of $38.23.
Mosaic Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. Mosaic’s payout ratio is presently 676.92%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MOS. JPMorgan Chase & Co. cut their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Barclays dropped their price target on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Wolfe Research dropped their price target on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Finally, BNP Paribas Exane dropped their price target on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.47.
Check Out Our Latest Stock Report on MOS
Mosaic Company Profile
Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.
In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.
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