M&G PLC Takes Position in The Mosaic Company $MOS

M&G PLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 203,862 shares of the basic materials company’s stock, valued at approximately $7,135,000. M&G PLC owned about 0.06% of Mosaic as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares in the last quarter. Rothschild Investment LLC boosted its position in Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after buying an additional 650 shares during the period. Rexford Capital Inc. purchased a new stake in Mosaic in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC increased its position in shares of Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 764 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS stock opened at $29.64 on Tuesday. The stock’s 50-day moving average is $26.45 and its 200 day moving average is $28.98. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The company has a market cap of $9.41 billion, a P/E ratio of 7.68, a PEG ratio of 1.38 and a beta of 0.97.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, March 9th. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Analysts Set New Price Targets

MOS has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Mizuho dropped their price target on Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. BNP Paribas Exane cut their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. JPMorgan Chase & Co. lowered their price objective on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Finally, Barclays dropped their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.50.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.