National Bank of Canada FI Reduces Stock Position in The Mosaic Company (NYSE:MOS)

National Bank of Canada FI lessened its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 36.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 252,100 shares of the basic materials company's stock after selling 142,555 shares during the period. National Bank of Canada FI owned 0.08% of Mosaic worth $9,197,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MOS. Denali Advisors LLC boosted its stake in Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock worth $30,000 after acquiring an additional 414 shares in the last quarter. Janiczek Wealth Management LLC increased its position in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company's stock valued at $52,000 after buying an additional 318 shares in the last quarter. NBC Securities Inc. bought a new position in Mosaic in the third quarter worth approximately $57,000. Planned Solutions Inc. bought a new stake in shares of Mosaic during the fourth quarter valued at approximately $65,000. Finally, CVA Family Office LLC acquired a new position in shares of Mosaic during the fourth quarter worth approximately $79,000. Institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MOS shares. Scotiabank lowered their price objective on shares of Mosaic from $40.00 to $38.00 and set a "sector outperform" rating on the stock in a report on Monday. Mizuho dropped their price target on shares of Mosaic from $34.00 to $33.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price objective on Mosaic from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. TheStreet lowered Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Finally, The Goldman Sachs Group decreased their price target on Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $38.57.

Mosaic Price Performance

NYSE:MOS traded down $0.46 during trading hours on Friday, hitting $29.43. 2,671,976 shares of the company's stock traded hands, compared to its average volume of 4,956,504. The firm has a market cap of $9.47 billion, a P/E ratio of 12.72 and a beta of 1.51. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The business's fifty day simple moving average is $31.28 and its two-hundred day simple moving average is $32.89. The Mosaic Company has a 52 week low of $27.83 and a 52 week high of $42.81.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company's revenue for the quarter was down 25.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. On average, research analysts anticipate that The Mosaic Company will post 2.78 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic's dividend payout ratio is presently 35.74%.

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.