Zurcher Kantonalbank Zurich Cantonalbank Buys 43,982 Shares of The Mosaic Company (NYSE:MOS)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Mosaic Company (NYSE:MOS) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,115 shares of the basic materials company’s stock after purchasing an additional 43,982 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mosaic were worth $5,337,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group increased 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 buying an additional 587 shares during the period. R Squared Ltd bought a new position in Mosaic in the fourth quarter valued at about $33,000. Tobam acquired a new position in Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC grew its position in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,809 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 3.4 %

NYSE:MOS opened at $25.91 on Friday. The stock has a 50-day simple moving average of $26.28 and a 200 day simple moving average of $26.21. The Mosaic Company has a 52-week low of $22.48 and a 52-week high of $33.44. The company has a market cap of $8.21 billion, a PE ratio of 22.93, 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.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MOS shares. Barclays raised shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their price target 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. Mizuho dropped their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Piper Sandler boosted their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Oppenheimer started coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.64.

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.