Allianz Asset Management GmbH Has $39.18 Million Stake in The Mosaic Company (NYSE:MOS)

Allianz Asset Management GmbH boosted its stake in shares of The Mosaic Company (NYSE:MOS) by 190.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,593,914 shares of the basic materials company’s stock after acquiring an additional 1,045,812 shares during the quarter. Allianz Asset Management GmbH owned 0.50% of Mosaic worth $39,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after acquiring an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Swedbank AB boosted its stake in Mosaic by 2.3% in the third quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Mosaic by 33.8% during the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Mosaic in the third quarter valued at $1,251,000. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Down 3.2 %

NYSE:MOS opened at $25.77 on Monday. 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 Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The stock’s fifty day simple moving average is $26.20 and its 200-day simple moving average is $26.50. The firm has a market capitalization of $8.18 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.42 and a beta of 1.34.

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 issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.42%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 77.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Piper Sandler upped their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. CIBC initiated 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. Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.