Barings LLC Has $2.98 Million Stake in The Mosaic Company (NYSE:MOS)

Barings LLC reduced its position in shares of The Mosaic Company (NYSE:MOS) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,074 shares of the basic materials company’s stock after selling 29,802 shares during the quarter. Barings LLC’s holdings in Mosaic were worth $2,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. R Squared Ltd bought a new stake in Mosaic during the fourth quarter worth $33,000. Tobam bought a new stake in Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic during the fourth quarter worth $41,000. Finally, Larson Financial Group LLC raised its position in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research analyst reports. Oppenheimer started coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating for the company. Wells Fargo & Company decreased their target price on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada upped their target price on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Finally, Barclays raised Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price on the stock in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.70.

Mosaic Trading Up 1.5 %

Shares of NYSE:MOS opened at $25.10 on Friday. The company has a market capitalization of $7.95 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The business’s 50 day simple moving average is $26.22 and its 200 day simple moving average is $26.30.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is currently 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.