Barings LLC bought a new position in Mosaic Co (NYSE:MOS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 561,299 shares of the basic materials company’s stock, valued at approximately $14,403,000.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Mosaic by 16.3% in the 3rd quarter. Janus Henderson Group PLC now owns 362,064 shares of the basic materials company’s stock worth $7,817,000 after buying an additional 50,776 shares during the period. Westpac Banking Corp lifted its holdings in shares of Mosaic by 32.6% in the 4th quarter. Westpac Banking Corp now owns 107,355 shares of the basic materials company’s stock worth $2,755,000 after buying an additional 26,390 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Mosaic by 32.3% in the 4th quarter. State of Alaska Department of Revenue now owns 71,980 shares of the basic materials company’s stock worth $1,845,000 after buying an additional 17,560 shares during the period. Copper Rock Capital Partners LLC purchased a new stake in shares of Mosaic in the 4th quarter worth $10,100,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Mosaic in the 3rd quarter worth $595,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Several equities research analysts have weighed in on MOS shares. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, November 3rd. Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating on shares of Mosaic in a research note on Wednesday, October 18th. Cowen restated a “hold” rating and set a $25.00 price objective on shares of Mosaic in a research note on Friday, January 12th. Finally, BMO Capital Markets upped their price objective on Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.98.

Mosaic Co (NYSE MOS) opened at $25.21 on Wednesday. Mosaic Co has a 1 year low of $19.23 and a 1 year high of $34.04. The stock has a market capitalization of $8,548.04, a PE ratio of 26.26, a P/E/G ratio of 1.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, March 1st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, February 28th. Mosaic’s dividend payout ratio is currently 10.42%.

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Mosaic Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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