The Mosaic Company (NYSE:MOS) Stock Position Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 71.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock valued at $36,000 after buying an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Mosaic during the second quarter worth $46,000. Kimelman & Baird LLC bought a new position in shares of Mosaic in the second quarter worth about $49,000. Larson Financial Group LLC raised its stake in Mosaic by 180,900.0% in the third 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 in the last quarter. Finally, CVA Family Office LLC grew its holdings in Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after purchasing an additional 384 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Price Performance

NYSE:MOS remained flat at $27.58 during trading hours on Tuesday. The company's stock had a trading volume of 4,220,598 shares, compared to its average volume of 4,369,080. The company's 50 day moving average is $26.53 and its 200 day moving average is $27.58. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The firm has a market cap of $8.76 billion, a PE ratio of 24.41, a P/E/G ratio of 1.91 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

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

Mosaic Dividend Announcement

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

Analyst Upgrades and Downgrades

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