Bastion Asset Management Inc. Acquires New Position in The Mosaic Company $MOS

Bastion Asset Management Inc. acquired a new stake in The Mosaic Company (NYSE:MOS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 135,157 shares of the basic materials company’s stock, valued at approximately $4,592,000. Mosaic makes up approximately 2.6% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 15th biggest holding.

A number of other large investors have also modified their holdings of the business. Fiduciary Alliance LLC acquired a new position in Mosaic in the 3rd quarter valued at about $1,969,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Mosaic during the third quarter worth about $2,913,000. Scotia Capital Inc. raised its position in shares of Mosaic by 395.1% in the second quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock valued at $3,194,000 after buying an additional 69,873 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Mosaic by 65.7% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock valued at $5,682,000 after buying an additional 62,338 shares during the period. Finally, Gradient Investments LLC purchased a new position in shares of Mosaic during the third quarter valued at approximately $12,678,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays cut their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group increased their target price on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. BNP Paribas Exane lowered their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Oppenheimer set a $35.00 price objective on shares of Mosaic in a research note on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Mosaic presently has an average rating of “Hold” and an average price target of $31.50.

Mosaic Price Performance

Shares of Mosaic stock opened at $29.64 on Monday. The business’s fifty day moving average price is $26.33 and its 200 day moving average price is $29.03. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization 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. Stockholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Mosaic’s payout ratio is presently 22.80%.

Mosaic Company 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.