Mitsubishi UFJ Trust & Banking Corp Increases Holdings in The Mosaic Company (NYSE:MOS)

Mitsubishi UFJ Trust & Banking Corp lifted its position in The Mosaic Company (NYSE:MOS) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 417,823 shares of the basic materials company’s stock after purchasing an additional 1,521 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mosaic were worth $10,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MOS. Cerity Partners LLC grew its stake in shares of Mosaic by 159.0% during the 3rd quarter. Cerity Partners LLC now owns 61,401 shares of the basic materials company’s stock valued at $1,644,000 after purchasing an additional 37,695 shares during the period. Larson Financial Group LLC grew its position in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares during the period. Daiwa Securities Group Inc. grew its position in Mosaic by 10.5% during the third quarter. Daiwa Securities Group Inc. now owns 38,639 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 3,675 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Mosaic by 23.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,271 shares of the basic materials company’s stock worth $275,000 after acquiring an additional 1,929 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of Mosaic during the 3rd quarter valued at $222,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 0.8 %

Shares of MOS stock opened at $27.26 on Friday. The company’s fifty day simple moving average is $26.58 and its two-hundred day simple moving average is $26.21. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. The stock has a market cap of $8.64 billion, a P/E ratio of 24.13, a PEG ratio of 1.42 and a beta of 1.34. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic’s payout ratio is presently 160.00%.

Analyst Ratings Changes

Several research firms recently weighed in on MOS. CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. The Goldman Sachs Group initiated coverage on Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.67.

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.