Inlight Wealth Management LLC Takes Position in The Mosaic Company (NYSE:MOS)

Inlight Wealth Management LLC acquired a new position in shares of The Mosaic Company (NYSE:MOS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,562 shares of the basic materials company’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% during the fourth 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 position in shares of Mosaic in the 4th quarter worth approximately $33,000. Tobam purchased a new position in shares of Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the 4th quarter valued at approximately $41,000. Finally, Ethos Financial Group LLC purchased a new stake in Mosaic in the fourth quarter valued at approximately $55,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MOS. Mizuho dropped their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company boosted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. Royal Bank of Canada raised their price objective on shares of Mosaic from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. 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 research note on Thursday, March 20th. Finally, Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $27.00 to $33.00 in a research report 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.58.

Mosaic Stock Down 2.0 %

Mosaic stock opened at $24.18 on Friday. The stock has a market cap of $7.66 billion, a PE ratio of 21.40, a P/E/G ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The stock’s fifty day moving average is $25.87 and its two-hundred day moving average is $26.14. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.66.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is 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.