Allianz SE Invests $1.36 Million in The Mosaic Company (NYSE:MOS)

Allianz SE purchased a new position in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 56,800 shares of the basic materials company’s stock, valued at approximately $1,363,000.

A number of other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC raised its holdings in shares of Mosaic by 159.0% during the third quarter. Cerity Partners LLC now owns 61,401 shares of the basic materials company’s stock worth $1,644,000 after purchasing an additional 37,695 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Mosaic by 10.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 38,639 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 3,675 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Mosaic by 23.1% in the third quarter. Glenmede Trust Co. NA now owns 10,271 shares of the basic materials company’s stock worth $275,000 after buying an additional 1,929 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in Mosaic during the third quarter worth about $222,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group began coverage on Mosaic in a research report on Thursday, March 13th. They issued a “buy” rating and a $31.00 price objective on the stock. CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, Scotiabank lifted their price target on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and an average price target of $32.67.

Mosaic Price Performance

NYSE:MOS opened at $27.26 on Friday. The stock has a 50 day moving average of $26.58 and a two-hundred day moving average of $26.21. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The firm has a market cap of $8.64 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

Mosaic 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.