Caisse DE Depot ET Placement DU Quebec Has $8.90 Million Stake in The Mosaic Company (NYSE:MOS)

Caisse DE Depot ET Placement DU Quebec reduced its holdings in The Mosaic Company (NYSE:MOS) by 71.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 332,400 shares of the basic materials company’s stock after selling 813,045 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Mosaic worth $8,902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Mosaic during the second quarter worth about $46,000. Larson Financial Group LLC grew its position in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,809 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Mosaic in the 2nd quarter valued at about $49,000. Finally, CVA Family Office LLC raised its position in shares of Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the period. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Up 4.2 %

MOS stock opened at $27.58 on Tuesday. The business has a 50-day moving average of $26.49 and a 200-day moving average of $27.60. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The stock has a market capitalization of $8.76 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, sell-side analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.05%. Mosaic’s payout ratio is currently 74.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MOS shares. Barclays decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Mizuho boosted their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.22.

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.