The Mosaic Company (NYSE:MOS) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its position in shares of The Mosaic Company (NYSE:MOS) by 56.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,115 shares of the basic materials company’s stock after acquiring an additional 6,919 shares during the period. Sterling Capital Management LLC’s holdings in Mosaic were worth $470,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Intellectus Partners LLC lifted its holdings in shares of Mosaic by 3.3% in the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System lifted its holdings in Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock worth $2,275,000 after purchasing an additional 471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Mosaic by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 570 shares in the last quarter. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% during 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. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Mosaic by 7.0% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 619 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Price Performance

NYSE MOS opened at $27.24 on Friday. The company has a 50 day simple moving average of $25.80 and a 200-day simple moving average of $26.15. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $32.29. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on MOS. The Goldman Sachs Group started coverage on shares of Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 target price for the company. UBS Group cut their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Wells Fargo & Company upped their target price on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. Finally, Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.42.

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.