Menta Capital LLC Purchases Shares of 22,700 Mosaic Co (MOS)
Menta Capital LLC purchased a new position in shares of Mosaic Co (NYSE:MOS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,700 shares of the basic materials company’s stock, valued at approximately $663,000.
A number of other institutional investors have also modified their holdings of MOS. Vanguard Group Inc raised its stake in shares of Mosaic by 1.5% in the third quarter. Vanguard Group Inc now owns 37,330,375 shares of the basic materials company’s stock valued at $1,212,490,000 after buying an additional 541,783 shares during the period. BlackRock Inc. raised its stake in shares of Mosaic by 3.2% in the fourth quarter. BlackRock Inc. now owns 25,829,156 shares of the basic materials company’s stock valued at $754,470,000 after buying an additional 804,263 shares during the period. FMR LLC raised its stake in shares of Mosaic by 23.6% in the third quarter. FMR LLC now owns 14,619,257 shares of the basic materials company’s stock valued at $474,834,000 after buying an additional 2,787,867 shares during the period. Boston Partners raised its stake in shares of Mosaic by 51.1% in the fourth quarter. Boston Partners now owns 14,243,641 shares of the basic materials company’s stock valued at $416,057,000 after buying an additional 4,814,199 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Mosaic by 49.0% in the third quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock valued at $235,621,000 after buying an additional 2,385,147 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.
Mosaic stock opened at $28.71 on Friday. Mosaic Co has a 52 week low of $22.90 and a 52 week high of $37.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.71 and a quick ratio of 0.79. The stock has a market cap of $11.05 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, March 6th. Mosaic’s payout ratio is 4.72%.
MOS has been the topic of several research reports. JPMorgan Chase & Co. lowered Mosaic from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $33.00 in a research note on Wednesday, December 12th. Citigroup lowered their target price on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 27th. ValuEngine lowered Mosaic from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Zacks Investment Research lowered Mosaic from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Cleveland Research cut Mosaic from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.14.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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