The Mosaic Company (NYSE:MOS) Stock Position Trimmed by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 56.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,500 shares of the basic materials company's stock after selling 216,600 shares during the quarter. Canada Pension Plan Investment Board owned 0.05% of Mosaic worth $4,093,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MOS. Intellectus Partners LLC raised its stake in shares of Mosaic by 3.3% in the 4th quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System grew its holdings in Mosaic by 0.5% during the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after purchasing an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Mosaic by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock valued at $799,000 after purchasing an additional 570 shares in the last quarter. Brooklyn Investment Group grew its holdings in Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its holdings in Mosaic by 7.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MOS shares. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a report on Thursday, March 20th. Mizuho lowered their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Wells Fargo & Company raised their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. Finally, Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.42.

Mosaic Stock Performance

Shares of NYSE MOS traded up $0.39 during midday trading on Monday, hitting $29.52. The company's stock had a trading volume of 5,474,073 shares, compared to its average volume of 4,631,990. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.29. The firm's fifty day moving average price is $26.02 and its 200-day moving average price is $26.24. 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 cap of $9.36 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.42 and a beta of 1.04.

Mosaic Dividend Announcement

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 given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.98%. Mosaic's dividend payout ratio is presently 160.00%.

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.