Allstate Corp Makes New $235,000 Investment in The Mosaic Company (NYSE:MOS)

Allstate Corp acquired a new stake in shares of The Mosaic Company (NYSE:MOS) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 9,546 shares of the basic materials company’s stock, valued at approximately $235,000.

Other hedge funds also recently made changes to their positions in the company. Intellectus Partners LLC raised its stake in 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 increased its stake 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 purchasing an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Mosaic by 1.8% during 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 during the period. Brooklyn Investment Group lifted its stake in shares of Mosaic by 110.8% during 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 in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its holdings 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 worth $237,000 after buying an additional 619 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Price Performance

MOS stock opened at $26.52 on Thursday. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. The firm has a market capitalization of $8.41 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $26.24. 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 Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on MOS. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Thursday, March 20th. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. 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 for the company. Mizuho lowered their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Finally, CIBC assumed coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.