Bastion Asset Management Inc. Invests $4.59 Million in The Mosaic Company $MOS

Bastion Asset Management Inc. bought a new position in shares of The Mosaic Company (NYSE:MOS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 135,157 shares of the basic materials company’s stock, valued at approximately $4,592,000. Mosaic comprises 2.6% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Mosaic in the 1st quarter valued at $201,000. Empowered Funds LLC raised its stake in Mosaic by 170.5% during the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 34,151 shares in the last quarter. Woodline Partners LP raised its stake in Mosaic by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after acquiring an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group dropped their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Wells Fargo & Company reduced their target price on Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Canadian Imperial Bank of Commerce decreased their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Barclays cut their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada boosted their price objective on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average target price of $31.50.

Mosaic Stock Down 0.4%

MOS opened at $29.64 on Monday. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The business has a 50 day moving average price of $26.33 and a two-hundred day moving average price of $29.03. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $9.41 billion, a PE ratio of 7.68, a P/E/G ratio of 1.38 and a beta of 0.97.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. Mosaic’s dividend payout ratio is presently 22.80%.

Mosaic 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.