Cadence Wealth Management LLC Increases Stock Position in The Mosaic Company (NYSE:MOS)

Cadence Wealth Management LLC raised its holdings in The Mosaic Company (NYSE:MOS) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,889 shares of the basic materials company’s stock after purchasing an additional 6,630 shares during the quarter. Mosaic accounts for about 0.4% of Cadence Wealth Management LLC’s holdings, making the stock its 27th biggest position. Cadence Wealth Management LLC’s holdings in Mosaic were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MOS. GSA Capital Partners LLP purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $244,000. Huntington National Bank boosted its stake in shares of Mosaic by 85.2% during the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 1,007 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Mosaic by 19.5% during the 3rd quarter. Metis Global Partners LLC now owns 29,003 shares of the basic materials company’s stock worth $777,000 after acquiring an additional 4,740 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Mosaic by 6.4% during the 3rd quarter. CIBC Asset Management Inc now owns 54,721 shares of the basic materials company’s stock worth $1,465,000 after acquiring an additional 3,301 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $299,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MOS. Piper Sandler boosted their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. The Goldman Sachs Group initiated coverage on Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective for the company. Royal Bank of Canada lifted their price objective on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Morgan Stanley cut their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.64.

Mosaic Trading Up 2.4 %

Shares of MOS opened at $26.52 on Tuesday. The stock has a fifty day moving average of $26.30 and a two-hundred day moving average of $26.16. 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 company has a market capitalization of $8.41 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $22.48 and a fifty-two week high of $33.44.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.32%. Mosaic’s payout ratio is 160.00%.

Mosaic Company 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.