NEOS Investment Management LLC Has $406,000 Stock Holdings in The Mosaic Company (NYSE:MOS)

NEOS Investment Management LLC raised its stake in The Mosaic Company (NYSE:MOS) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,532 shares of the basic materials company’s stock after purchasing an additional 3,726 shares during the period. NEOS Investment Management LLC’s holdings in Mosaic were worth $406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MOS. Brooklyn Investment Group boosted its holdings 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 buying an additional 587 shares during the period. R Squared Ltd acquired a new stake in Mosaic during the fourth quarter worth approximately $33,000. Tobam bought 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 during the fourth quarter worth approximately $41,000. Finally, Ethos Financial Group LLC acquired a new stake in Mosaic during the 4th quarter worth approximately $55,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent research reports. Scotiabank increased their price objective on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 19th. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $33.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $26.00 to $29.00 in a report on Monday, March 3rd. Oppenheimer raised shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a report on Thursday, March 20th. Finally, The Goldman Sachs Group initiated coverage on Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.67.

Mosaic Stock Performance

NYSE:MOS opened at $27.00 on Tuesday. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $26.58 and its 200 day simple moving average is $26.24. The firm has a market capitalization of $8.56 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid 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 3.26%. Mosaic’s payout ratio is currently 160.00%.

About Mosaic

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.