Fox Run Management L.L.C. Raises Stake in The Mosaic Company (NYSE:MOS)

Fox Run Management L.L.C. raised its position in The Mosaic Company (NYSE:MOS) by 234.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,781 shares of the basic materials company’s stock after purchasing an additional 39,826 shares during the period. Fox Run Management L.L.C.’s holdings in Mosaic were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MOS. GSA Capital Partners LLP acquired a new stake in Mosaic in the third quarter valued at $244,000. Natixis Advisors LLC purchased a new position in shares of Mosaic in the 3rd quarter valued at about $299,000. Thrivent Financial for Lutherans increased its holdings in shares of Mosaic by 8.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 190,195 shares of the basic materials company’s stock valued at $5,093,000 after acquiring an additional 14,967 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Mosaic during the 3rd quarter worth about $218,000. Finally, PNC Financial Services Group Inc. lifted its stake in Mosaic by 9.4% during the third quarter. PNC Financial Services Group Inc. now owns 46,641 shares of the basic materials company’s stock worth $1,249,000 after purchasing an additional 4,012 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Morgan Stanley reduced their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group began coverage on Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $33.00 in a report on Wednesday. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.67.

Mosaic Stock Down 1.9 %

Mosaic stock opened at $27.83 on Friday. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. 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 stock has a 50 day moving average of $26.54 and a two-hundred day moving average of $26.17. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. Mosaic’s dividend payout ratio (DPR) is 160.00%.

About 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.