Hartford Investment Management Co. trimmed its stake in shares of Mosaic Co (NYSE:MOS) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,974 shares of the basic materials company’s stock after selling 543 shares during the quarter. Hartford Investment Management Co.’s holdings in Mosaic were worth $1,138,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of Mosaic during the 4th quarter worth approximately $1,919,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in shares of Mosaic during the fourth quarter worth approximately $702,000. TD Asset Management Inc. raised its position in shares of Mosaic by 3.6% during the fourth quarter. TD Asset Management Inc. now owns 112,598 shares of the basic materials company’s stock worth $3,289,000 after purchasing an additional 3,874 shares during the period. OLD National Bancorp IN acquired a new position in shares of Mosaic during the fourth quarter worth approximately $231,000. Finally, Rhumbline Advisers raised its position in shares of Mosaic by 4.1% during the fourth quarter. Rhumbline Advisers now owns 674,564 shares of the basic materials company’s stock worth $19,704,000 after purchasing an additional 26,841 shares during the period. 76.21% of the stock is owned by hedge funds and other institutional investors.
MOS stock opened at $31.89 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The firm has a market cap of $12.29 billion, a PE ratio of 29.26, a PEG ratio of 1.87 and a beta of 1.53. Mosaic Co has a fifty-two week low of $22.90 and a fifty-two week high of $37.37.
MOS has been the topic of a number of research reports. Royal Bank of Canada set a $45.00 target price on Mosaic and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, January 21st. Credit Suisse Group reaffirmed a “hold” rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, February 4th. TheStreet raised Mosaic from a “c+” rating to a “b-” rating in a research report on Monday, November 19th. Finally, Morgan Stanley upped their target price on Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, October 18th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Mosaic presently has an average rating of “Buy” and an average price target of $35.93.
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Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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