Boothbay Fund Management LLC Takes $271,000 Position in The Mosaic Company (NYSE:MOS)

Boothbay Fund Management LLC bought a new position in The Mosaic Company (NYSE:MOS) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,038 shares of the basic materials company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group raised its stake in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. R Squared Ltd purchased a new position in shares of Mosaic in the fourth quarter worth about $33,000. Tobam acquired a new stake in shares of Mosaic during the fourth quarter worth about $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the fourth quarter valued at approximately $41,000. Finally, Ethos Financial Group LLC acquired a new position in Mosaic in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MOS shares. Oppenheimer upgraded shares of Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and upped their price target for the company from $26.00 to $29.00 in a report on Monday, March 3rd. Mizuho decreased their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Piper Sandler restated a “neutral” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Finally, Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $33.00 in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.42.

Mosaic Stock Performance

NYSE:MOS opened at $30.49 on Friday. The company has a fifty day moving average of $26.39 and a two-hundred day moving average of $26.36. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $32.29. The stock has a market capitalization of $9.66 billion, a PE ratio of 26.98, a P/E/G ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.89%. 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.