Hourglass Capital LLC Purchases Shares of 42,100 The Mosaic Company (NYSE:MOS)

Hourglass Capital LLC acquired a new position in shares of The Mosaic Company (NYSE:MOS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,100 shares of the basic materials company’s stock, valued at approximately $1,035,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOS. Brooklyn Investment Group increased its position 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 in the last quarter. R Squared Ltd bought a new stake in Mosaic during the fourth quarter worth about $33,000. Tobam acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter valued at approximately $41,000. Finally, Blue Trust Inc. boosted its holdings in shares of Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 570 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

Shares of Mosaic stock opened at $26.54 on Friday. The Mosaic Company has a 52 week low of $23.56 and a 52 week high of $33.44. 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 stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.42 and a beta of 1.34. The firm has a fifty day moving average of $26.18 and a two-hundred day moving average of $26.55.

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 paid a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.32%. Mosaic’s dividend payout ratio is presently 74.34%.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of recent analyst reports. CIBC initiated coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer assumed coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $33.80.

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.