Canada Pension Plan Investment Board Lowers Stock Holdings in The Mosaic Company (NYSE:MOS)

Canada Pension Plan Investment Board reduced its position in The Mosaic Company (NYSE:MOS - Free Report) by 56.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,500 shares of the basic materials company's stock after selling 216,600 shares during the quarter. Canada Pension Plan Investment Board owned 0.05% of Mosaic worth $4,093,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after buying an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock valued at $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock valued at $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Swedbank AB raised its position in Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock worth $34,101,000 after purchasing an additional 117,838 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Mosaic in the fourth quarter worth $1,054,000. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on MOS shares. Royal Bank of Canada lifted their price objective on Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. UBS Group lowered their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upgraded shares of Mosaic from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Finally, Piper Sandler reissued a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Mosaic has a consensus rating of "Moderate Buy" and an average price target of $32.42.

Mosaic Stock Performance

Mosaic stock opened at $27.84 on Wednesday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $32.29. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.42 and a beta of 1.04. The stock's 50 day simple moving average is $25.85 and its two-hundred day simple moving average is $26.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. Mosaic's dividend payout ratio (DPR) is 160.00%.

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.

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.