Grantham Mayo Van Otterloo & Co. LLC Has $17.99 Million Stock Position in The Mosaic Company (NYSE:MOS)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in The Mosaic Company (NYSE:MOS) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 732,013 shares of the basic materials company’s stock after selling 65,824 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Mosaic were worth $17,993,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Mosaic in the 4th quarter valued at $97,363,000. Allianz Asset Management GmbH boosted its position in shares of Mosaic by 190.8% during 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 in the last quarter. Foundry Partners LLC bought a new position in shares of Mosaic during the 4th quarter worth approximately $14,155,000. Donald Smith & CO. Inc. grew its position in shares of Mosaic by 14.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company’s stock worth $77,135,000 after buying an additional 386,545 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Mosaic by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company’s stock valued at $218,751,000 after acquiring an additional 269,650 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of MOS opened at $23.48 on Friday. 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 $7.44 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth 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 stock’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $26.23.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.75%. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Wall Street Analyst Weigh In

MOS has been the subject of a number of research reports. CIBC started coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research note on Thursday, March 20th. Wells Fargo & Company upped their price target on Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Mizuho reduced their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Finally, Scotiabank upped their target price on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.83.

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.