EverSource Wealth Advisors LLC Has $252,000 Stock Position in The Mosaic Company (NYSE:MOS)

EverSource Wealth Advisors LLC increased its holdings in The Mosaic Company (NYSE:MOS) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,251 shares of the basic materials company’s stock after acquiring an additional 1,203 shares during the period. EverSource Wealth Advisors LLC’s holdings in Mosaic were worth $252,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Moors & Cabot Inc. raised its stake in shares of Mosaic by 136.2% in the fourth quarter. Moors & Cabot Inc. now owns 18,495 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 10,664 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Mosaic in the 4th quarter valued at $1,172,000. Daiwa Securities Group Inc. lifted its stake in Mosaic by 7.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 41,699 shares of the basic materials company’s stock valued at $1,025,000 after acquiring an additional 3,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mosaic by 25.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 217,115 shares of the basic materials company’s stock valued at $5,337,000 after acquiring an additional 43,982 shares in the last quarter. Finally, Intellectus Partners LLC boosted its holdings in Mosaic by 3.3% during the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MOS. Royal Bank of Canada raised their price target on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Mizuho dropped their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Piper Sandler boosted their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Scotiabank decreased their target price on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $31.64.

Mosaic Price Performance

NYSE MOS opened at $25.91 on Friday. The company has a market cap of $8.21 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. 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 firm’s 50-day simple moving average is $26.28 and its two-hundred day simple moving average is $26.19. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.40%. Mosaic’s dividend payout ratio (DPR) is 160.00%.

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.