Amundi Asset Management US Inc. raised its stake in The Mosaic Company (NYSE:MOS) by 222.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,915,967 shares of the basic materials company’s stock after acquiring an additional 2,701,960 shares during the period. Amundi Asset Management US Inc.’s holdings in The Mosaic were worth $123,784,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in The Mosaic by 2.0% in the first quarter. BlackRock Inc. now owns 26,022,330 shares of the basic materials company’s stock valued at $822,564,000 after acquiring an additional 503,165 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of The Mosaic by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 8,657,340 shares of the basic materials company’s stock valued at $273,659,000 after buying an additional 173,823 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of The Mosaic by 1.4% during the first quarter. Geode Capital Management LLC now owns 6,208,302 shares of the basic materials company’s stock valued at $195,737,000 after buying an additional 85,843 shares during the last quarter. Northern Trust Corp raised its holdings in shares of The Mosaic by 3.8% during the first quarter. Northern Trust Corp now owns 5,519,249 shares of the basic materials company’s stock valued at $174,464,000 after buying an additional 200,919 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of The Mosaic during the fourth quarter valued at approximately $114,687,000. Institutional investors own 72.28% of the company’s stock.
NYSE MOS opened at $30.45 on Thursday. The Mosaic Company has a twelve month low of $13.07 and a twelve month high of $38.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.56 and a current ratio of 1.11. The stock has a market cap of $11.56 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.85. The business’s 50 day moving average price is $33.15.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 17th. Shareholders of record on Thursday, June 3rd were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.99%. This is a boost from The Mosaic’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, June 2nd. The Mosaic’s payout ratio is presently 35.29%.
A number of research firms have recently weighed in on MOS. Berenberg Bank raised The Mosaic from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, April 13th. VTB Capital cut The Mosaic to a “sell” rating and set a $32.00 price target on the stock. in a report on Friday, April 30th. HSBC cut The Mosaic from a “buy” rating to a “hold” rating and lifted their price target for the company from $32.00 to $37.00 in a report on Monday, May 24th. BMO Capital Markets boosted their target price on The Mosaic from $30.00 to $35.00 in a report on Wednesday, May 5th. Finally, Royal Bank of Canada boosted their target price on The Mosaic from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, July 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The Mosaic has an average rating of “Hold” and an average target price of $33.09.
About The 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.
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