Garner Asset Management Corp Has $658,000 Stock Position in The Mosaic Company (NYSE:MOS)

Garner Asset Management Corp decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,756 shares of the basic materials company’s stock after selling 685 shares during the period. Garner Asset Management Corp’s holdings in Mosaic were worth $658,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after acquiring an additional 3,058,243 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mosaic by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company’s stock valued at $218,751,000 after purchasing an additional 269,650 shares during the last quarter. Norges Bank purchased a new stake in shares of Mosaic in the fourth quarter valued at about $97,363,000. Charles Schwab Investment Management Inc. lifted its holdings in Mosaic by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after acquiring an additional 150,186 shares during the period. Finally, Donald Smith & CO. Inc. grew its position in shares of Mosaic by 14.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company’s stock valued at $77,135,000 after acquiring an additional 386,545 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE MOS opened at $25.72 on Friday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $32.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm has a market capitalization of $8.15 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The stock’s 50-day simple moving average is $25.82 and its 200-day simple moving average is $26.14.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders 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 dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MOS shares. Piper Sandler reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Royal Bank of Canada increased their price target on shares of Mosaic from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, April 4th. Scotiabank upped their price objective on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.58.

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.