KLP Kapitalforvaltning AS Buys New Stake in The Mosaic Company (NYSE:MOS)

KLP Kapitalforvaltning AS purchased a new position in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 165,239 shares of the basic materials company’s stock, valued at approximately $4,062,000.

A number of other large investors have also made changes to their positions in MOS. Sciencast Management LP purchased a new position in Mosaic during the 4th quarter worth approximately $557,000. Blueshift Asset Management LLC raised its holdings in shares of Mosaic by 81.6% during the fourth quarter. Blueshift Asset Management LLC now owns 15,049 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 6,762 shares during the last quarter. Contrarius Group Holdings Ltd purchased a new stake in Mosaic in the fourth quarter valued at $1,928,000. West Tower Group LLC grew its position in shares of Mosaic by 66.7% during the 4th quarter. West Tower Group LLC now owns 17,500 shares of the basic materials company’s stock valued at $430,000 after acquiring an additional 7,000 shares during the period. Finally, Xponance Inc. increased its stake in shares of Mosaic by 9.8% in the 4th quarter. Xponance Inc. now owns 51,463 shares of the basic materials company’s stock valued at $1,265,000 after purchasing an additional 4,575 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MOS shares. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research report on Thursday, March 20th. Scotiabank increased their price objective on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 19th. Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Mizuho decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.67.

Mosaic Trading Down 0.3 %

Shares of MOS stock opened at $27.10 on Thursday. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.42 and a beta of 1.34. The company’s 50-day moving average price is $26.56 and its 200-day moving average price is $26.18. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.25%. Mosaic’s dividend payout ratio (DPR) is 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.