Allstate Corp Purchases New Holdings in The Mosaic Company (NYSE:MOS)

Allstate Corp acquired a new position in shares of The Mosaic Company (NYSE:MOS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,546 shares of the basic materials company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its position in shares of Mosaic by 110.8% in 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 in the last quarter. R Squared Ltd purchased a new position in Mosaic during the fourth quarter valued at $33,000. Tobam purchased a new position in Mosaic during the fourth quarter valued at $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic in the fourth quarter worth $41,000. Finally, Ethos Financial Group LLC bought a new position in shares of Mosaic during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MOS. Morgan Stanley dropped their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 price target on the stock. Piper Sandler boosted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. CIBC initiated coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.67.

Mosaic Stock Down 1.0 %

MOS stock opened at $26.52 on Thursday. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 23.47, 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. The business’s 50-day moving average is $26.55 and its two-hundred day moving average is $26.24. The Mosaic Company has a fifty-two week low of $22.48 and a fifty-two week high of $33.44.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is 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.