Edgestream Partners L.P. Buys 53,686 Shares of The Mosaic Company (NYSE:MOS)

Edgestream Partners L.P. grew its stake in The Mosaic Company (NYSE:MOS) by 55.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,151 shares of the basic materials company’s stock after purchasing an additional 53,686 shares during the period. Edgestream Partners L.P.’s holdings in Mosaic were worth $3,715,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after purchasing an additional 178,844 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock valued at $82,800,000 after purchasing an additional 150,186 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Mosaic by 40.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after purchasing an additional 947,500 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Mosaic by 13.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after purchasing an additional 359,760 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Mosaic by 190.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock valued at $39,178,000 after purchasing an additional 1,045,812 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Trading Up 1.5 %

MOS opened at $25.10 on Friday. The stock’s fifty day moving average is $26.22 and its two-hundred day moving average is $26.30. The company has a market capitalization of $7.95 billion, a P/E ratio of 22.21, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 160.00%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MOS. Piper Sandler increased their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Scotiabank reduced their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Morgan Stanley reduced their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $31.70.

Mosaic Profile

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.