Bank of Montreal Can Has $17.99 Million Position in The Mosaic Company (NYSE:MOS)

Bank of Montreal Can lessened its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 665,629 shares of the basic materials company's stock after selling 35,907 shares during the quarter. Bank of Montreal Can owned about 0.21% of Mosaic worth $17,985,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in Mosaic by 7.6% during the first quarter. Janus Henderson Group PLC now owns 196,328 shares of the basic materials company's stock valued at $6,372,000 after acquiring an additional 13,898 shares during the period. Atria Investments Inc acquired a new position in shares of Mosaic during the first quarter worth approximately $1,197,000. Confluence Investment Management LLC boosted its position in shares of Mosaic by 11.9% in the second quarter. Confluence Investment Management LLC now owns 12,141 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 1,293 shares during the period. GAMMA Investing LLC grew its stake in shares of Mosaic by 292.5% in the second quarter. GAMMA Investing LLC now owns 8,981 shares of the basic materials company's stock worth $260,000 after acquiring an additional 6,693 shares during the last quarter. Finally, DNB Asset Management AS increased its position in Mosaic by 21.4% during the second quarter. DNB Asset Management AS now owns 65,685 shares of the basic materials company's stock worth $1,898,000 after acquiring an additional 11,579 shares during the period. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MOS shares. Mizuho raised their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Royal Bank of Canada reissued a "sector perform" rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. Wells Fargo & Company cut their price target on Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, September 24th. Finally, Barclays decreased their price objective on Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $33.22.

Mosaic Trading Up 2.8 %

NYSE MOS traded up $0.73 during trading on Friday, reaching $26.46. 6,004,627 shares of the stock traded hands, compared to its average volume of 4,255,561. The stock's 50-day moving average price is $26.44 and its 200 day moving average price is $27.62. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic's quarterly revenue was down 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Analysts predict that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.17%. Mosaic's dividend payout ratio is presently 74.34%.

About Mosaic

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.