Caisse DE Depot ET Placement DU Quebec Has $2.16 Million Stock Position in The Mosaic Company $MOS

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in The Mosaic Company by 81.2%, selling 343,563 shares and now holding 79,800 shares valued at approximately $2.15 million.
• Mosaic's recent earnings report showed an EPS of $0.51, missing estimates by $0.20, with revenues of $3.01 billion, lower than the expected $3.11 billion.
• Analysts have varied opinions on Mosaic's stock, with targets ranging from $39 to $46, indicating a general outlook of "Moderate Buy" based on recent ratings.

Caisse DE Depot ET Placement DU Quebec reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 81.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,800 shares of the basic materials company's stock after selling 343,563 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Mosaic were worth $2,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MOS. Boston Partners boosted its position in shares of Mosaic by 42.2% during the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock worth $215,540,000 after buying an additional 2,368,094 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Mosaic in the first quarter valued at about $54,953,000. Nuveen LLC acquired a new stake in shares of Mosaic in the first quarter valued at about $33,897,000. Victory Capital Management Inc. increased its position in shares of Mosaic by 606.2% in the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after acquiring an additional 1,192,602 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Mosaic by 33.5% in the fourth quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock valued at $90,265,000 after acquiring an additional 921,924 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on MOS shares. Barclays lifted their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Finally, CIBC lifted their target price on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Mosaic Stock Performance

NYSE:MOS traded down $0.20 during mid-day trading on Tuesday, hitting $33.21. The stock had a trading volume of 1,448,977 shares, compared to its average volume of 5,486,071. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.55 and a beta of 0.99. The company's 50 day simple moving average is $34.87 and its 200 day simple moving average is $31.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company posted $0.54 EPS. The firm's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Monday, September 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. Mosaic's dividend payout ratio is 29.83%.

Mosaic 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.