Bp Plc reduced its stake in shares of Mosaic Co (NYSE:MOS) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the basic materials company’s stock after selling 15,000 shares during the period. Bp Plc owned approximately 0.05% of Mosaic worth $5,840,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Mosaic by 52.6% in the 2nd quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock worth $331,871,000 after purchasing an additional 4,080,426 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Mosaic by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,869,173 shares of the basic materials company’s stock worth $136,581,000 after purchasing an additional 58,546 shares during the period. Bank of Montreal Can raised its holdings in shares of Mosaic by 85.5% in the 3rd quarter. Bank of Montreal Can now owns 201,016 shares of the basic materials company’s stock worth $6,529,000 after purchasing an additional 92,642 shares during the period. First Hawaiian Bank bought a new stake in shares of Mosaic in the 3rd quarter worth approximately $175,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Mosaic by 34.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,305 shares of the basic materials company’s stock worth $1,212,000 after purchasing an additional 9,500 shares during the period. 76.21% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on MOS shares. TheStreet upgraded shares of Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. ValuEngine upgraded shares of Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Royal Bank of Canada set a $45.00 price objective on shares of Mosaic and gave the company a “buy” rating in a research note on Wednesday, November 7th. Stephens set a $45.00 price objective on shares of Mosaic and gave the company a “buy” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, October 23rd. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Mosaic currently has an average rating of “Buy” and a consensus price target of $35.93.
MOS opened at $32.06 on Thursday. The firm has a market cap of $12.42 billion, a PE ratio of 29.41, a PEG ratio of 1.87 and a beta of 1.53. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. Mosaic Co has a one year low of $22.90 and a one year high of $37.37.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. Mosaic’s dividend payout ratio (DPR) is currently 9.17%.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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