The Mosaic Company (NYSE:MOS) Stake Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of The Mosaic Company (NYSE:MOS) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 502,430 shares of the basic materials company’s stock after acquiring an additional 70,898 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mosaic were worth $12,636,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MOS. Brooklyn Investment Group raised its stake in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in Mosaic during the fourth quarter valued at approximately $33,000. Tobam acquired a new stake in Mosaic during the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic in the 4th quarter worth approximately $41,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Mosaic in the 4th quarter worth approximately $55,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Trading Down 0.9 %

NYSE:MOS opened at $27.00 on Tuesday. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44. The business has a fifty day moving average of $26.58 and a 200-day moving average of $26.24.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MOS shares. Scotiabank raised their price objective on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 19th. Wells Fargo & Company lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. CIBC assumed coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Morgan Stanley dropped their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.67.

Mosaic Profile

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.