Nomura Asset Management Co. Ltd. Has $2.46 Million Stake in The Mosaic Company (NYSE:MOS)

Nomura Asset Management Co. Ltd. increased its position in The Mosaic Company (NYSE:MOS) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,156 shares of the basic materials company’s stock after buying an additional 683 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Mosaic were worth $2,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased 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 worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd bought a new stake in Mosaic in the fourth quarter worth $33,000. Tobam acquired a new position in Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the fourth quarter worth about $41,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Mosaic during the 4th quarter worth about $55,000. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MOS. Piper Sandler increased their price objective on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Royal Bank of Canada raised their target price on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. 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. Finally, Morgan Stanley reduced 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.67.

Mosaic Stock Down 1.0 %

NYSE:MOS opened at $26.52 on Thursday. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12-month low of $22.48 and a 12-month high of $33.44. The stock’s fifty day simple moving average is $26.55 and its 200-day simple moving average is $26.24. The firm has a market capitalization of $8.41 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, June 5th. 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.