West Tower Group LLC Purchases 7,000 Shares of The Mosaic Company (NYSE:MOS)

West Tower Group LLC increased its stake in shares of The Mosaic Company (NYSE:MOS) by 66.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,500 shares of the basic materials company’s stock after purchasing an additional 7,000 shares during the quarter. West Tower Group LLC’s holdings in Mosaic were worth $430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MOS. Brooklyn Investment Group lifted its stake in shares of Mosaic by 110.8% during 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 during the last quarter. R Squared Ltd purchased a new stake in Mosaic in the fourth quarter valued at about $33,000. Tobam acquired a new stake in Mosaic in the fourth quarter worth about $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC boosted its holdings in Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MOS shares. Royal Bank of Canada raised their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Morgan Stanley lowered their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Piper Sandler raised 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. Finally, Scotiabank lowered their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a report on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and an average target price of $31.64.

Mosaic Stock Up 2.4 %

Mosaic stock opened at $27.18 on Wednesday. The stock has a market capitalization of $8.61 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The business has a 50 day simple moving average of $26.34 and a 200-day simple moving average of $26.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. Mosaic’s payout ratio is 160.00%.

Mosaic Company 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.