44,303 Shares in The Mosaic Company $MOS Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in shares of The Mosaic Company (NYSE:MOS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,303 shares of the basic materials company’s stock, valued at approximately $1,536,000.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares during the period. United Services Automobile Association bought a new stake in shares of Mosaic in the first quarter worth about $201,000. Empowered Funds LLC increased its holdings in shares of Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 34,151 shares in the last quarter. Woodline Partners LP raised its position in shares of Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Up 2.6%

Mosaic stock opened at $30.20 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The company’s 50-day moving average is $26.77 and its 200-day moving average is $28.95. The firm has a market capitalization of $9.59 billion, a PE ratio of 7.82, a P/E/G ratio of 1.37 and a beta of 0.97. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. Mosaic’s payout ratio is presently 22.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Mizuho cut their price target on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. Oppenheimer set a $35.00 price objective on shares of Mosaic in a report on Friday, January 16th. HSBC reduced their target price on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Royal Bank Of Canada lifted their price target on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mosaic in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.50.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.