Swiss National Bank Has $22.12 Million Holdings in The Mosaic Company (NYSE:MOS)

Swiss National Bank lowered its holdings in The Mosaic Company (NYSE:MOS) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 900,100 shares of the basic materials company’s stock after selling 52,300 shares during the period. Swiss National Bank owned approximately 0.28% of Mosaic worth $22,124,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Intellectus Partners LLC lifted its holdings in shares of Mosaic by 3.3% during the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System lifted its holdings in shares of 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 acquiring an additional 471 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Mosaic by 1.8% in the 4th 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 purchasing an additional 570 shares in the last quarter. Brooklyn Investment Group increased its position in Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Mosaic by 7.0% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock valued at $237,000 after purchasing an additional 619 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Mizuho lowered their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Oppenheimer initiated coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Piper Sandler upped their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group started coverage on shares of Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.64.

Mosaic Trading Up 2.4 %

NYSE:MOS opened at $26.52 on Tuesday. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.42 and a beta of 1.34. The company’s 50 day moving average price is $26.30 and its 200-day moving average price is $26.16. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

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 represents a $0.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

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.