The Mosaic Company (NYSE:MOS) Shares Purchased by West Tower Group LLC

West Tower Group LLC lifted its position in The Mosaic Company (NYSE:MOS) by 66.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,500 shares of the basic materials company’s stock after acquiring an additional 7,000 shares during the period. West Tower Group LLC’s holdings in Mosaic were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after acquiring an additional 178,844 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after acquiring an additional 150,186 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after acquiring an additional 947,500 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Mosaic by 13.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after buying an additional 359,760 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Mosaic by 190.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MOS. Mizuho lowered their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Piper Sandler boosted their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada upped their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Finally, Scotiabank decreased their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.64.

Mosaic Price Performance

Shares of NYSE MOS opened at $27.18 on Wednesday. The stock’s 50-day moving average is $26.34 and its two-hundred day moving average is $26.15. 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 Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is presently 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.