StoneX Group Inc. Buys Shares of 10,117 The Mosaic Company (NYSE:MOS)

StoneX Group Inc. purchased a new stake in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,117 shares of the basic materials company’s stock, valued at approximately $249,000.

Several other large investors have also modified their holdings of the business. Glenmede Trust Co. NA grew its holdings in Mosaic by 23.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,271 shares of the basic materials company’s stock valued at $275,000 after buying an additional 1,929 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Mosaic by 8.0% during the third quarter. Public Sector Pension Investment Board now owns 13,463 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 1,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Mosaic by 643.8% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,307 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 11,518 shares during the last quarter. Centiva Capital LP purchased a new stake in Mosaic during the 3rd quarter worth about $1,026,000. Finally, Holocene Advisors LP raised its stake in Mosaic by 25.8% in the 3rd quarter. Holocene Advisors LP now owns 176,444 shares of the basic materials company’s stock valued at $4,725,000 after purchasing an additional 36,154 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Down 1.0 %

Shares of NYSE:MOS opened at $26.52 on Thursday. The stock has a 50-day simple moving average of $26.55 and a 200-day simple moving average of $26.24. The stock has a market capitalization of $8.41 billion, a P/E ratio of 23.47, a PEG 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 quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent research reports. Oppenheimer upgraded shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a report on Thursday, March 20th. CIBC initiated coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Royal Bank of Canada raised their price objective on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. Scotiabank lifted their price objective on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley reduced their target price 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.