Cim Investment Mangement Inc. purchased a new stake in Mosaic Co (NYSE:MOS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 19,108 shares of the basic materials company’s stock, valued at approximately $558,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of Mosaic by 1.5% in the third quarter. Vanguard Group Inc now owns 37,330,375 shares of the basic materials company’s stock valued at $1,212,490,000 after purchasing an additional 541,783 shares in the last quarter. BlackRock Inc. increased its position in Mosaic by 5.4% during the third quarter. BlackRock Inc. now owns 25,024,893 shares of the basic materials company’s stock worth $812,808,000 after buying an additional 1,272,851 shares during the last quarter. FMR LLC increased its position in Mosaic by 23.6% during the third quarter. FMR LLC now owns 14,619,257 shares of the basic materials company’s stock worth $474,834,000 after buying an additional 2,787,867 shares during the last quarter. Bank of New York Mellon Corp increased its position in Mosaic by 49.0% during the third quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock worth $235,621,000 after buying an additional 2,385,147 shares during the last quarter. Finally, Morgan Stanley increased its position in Mosaic by 64.3% during the third quarter. Morgan Stanley now owns 2,727,952 shares of the basic materials company’s stock worth $88,605,000 after buying an additional 1,067,505 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

MOS has been the topic of a number of recent analyst reports. Cowen boosted their price target on Mosaic from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, November 15th. Morgan Stanley boosted their price target on Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, October 18th. JPMorgan Chase & Co. downgraded Mosaic from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $33.00 in a research report on Wednesday, December 12th. Royal Bank of Canada set a $45.00 target price on Mosaic and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, Stephens set a $45.00 target price on Mosaic and gave the company a “buy” rating in a research report on Wednesday, November 7th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Mosaic has a consensus rating of “Hold” and a consensus price target of $35.93.

Shares of MOS opened at $31.19 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.89. The stock has a market capitalization of $12.02 billion, a PE ratio of 28.61, a PEG ratio of 1.87 and a beta of 1.53. Mosaic Co has a one year low of $22.90 and a one year high of $37.37.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.32%. Mosaic’s dividend payout ratio is presently 9.17%.

TRADEMARK VIOLATION NOTICE: This report was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2019/02/11/cim-investment-mangement-inc-purchases-shares-of-19108-mosaic-co-mos.html.

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.

Recommended Story: Understanding Options Trading

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mosaic Co (NYSE:MOS).

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.