Metis Global Partners LLC Buys 14,256 Shares of The Mosaic Company (NYSE:MOS)

Metis Global Partners LLC grew its stake in shares of The Mosaic Company (NYSE:MOS) by 49.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,259 shares of the basic materials company’s stock after buying an additional 14,256 shares during the period. Metis Global Partners LLC’s holdings in Mosaic were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. Allianz Asset Management GmbH boosted its holdings 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. Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Mosaic by 40.6% during 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 buying an additional 947,500 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings 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, Geode Capital Management LLC boosted its holdings in Mosaic by 2.2% during 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 buying an additional 178,844 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Piper Sandler raised their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Finally, CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.90.

Mosaic Stock Down 2.4 %

Shares of Mosaic stock opened at $23.34 on Tuesday. The business’s 50 day simple moving average is $26.21 and its 200 day simple moving average is $26.39. The Mosaic Company has a 52-week low of $23.05 and a 52-week high of $33.44. The firm has a market cap of $7.41 billion, a PE ratio of 20.66, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 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.