Cibc World Markets Corp Boosts Stake in The Mosaic Company (NYSE:MOS)

Cibc World Markets Corp grew its stake in The Mosaic Company (NYSE:MOS - Free Report) by 296.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,178 shares of the basic materials company's stock after acquiring an additional 128,749 shares during the quarter. Cibc World Markets Corp owned about 0.05% of Mosaic worth $4,232,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in Mosaic in the 3rd quarter valued at about $244,000. CIBC Asset Management Inc raised its position in shares of Mosaic by 6.4% in the third quarter. CIBC Asset Management Inc now owns 54,721 shares of the basic materials company's stock valued at $1,465,000 after buying an additional 3,301 shares during the last quarter. Natixis Advisors LLC acquired a new stake in Mosaic during the third quarter worth approximately $299,000. Thrivent Financial for Lutherans boosted its position in Mosaic by 8.5% during the third quarter. Thrivent Financial for Lutherans now owns 190,195 shares of the basic materials company's stock worth $5,093,000 after acquiring an additional 14,967 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in Mosaic by 67.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 79,014 shares of the basic materials company's stock worth $2,117,000 after acquiring an additional 31,766 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Trading Down 0.7 %

Shares of MOS stock traded down $0.20 during mid-day trading on Monday, reaching $27.64. The company's stock had a trading volume of 4,531,899 shares, compared to its average volume of 4,292,081. 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 Mosaic Company has a 12-month low of $22.48 and a 12-month high of $33.44. The firm has a market capitalization of $8.76 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company's 50 day simple moving average is $26.54 and its 200-day simple moving average is $26.15.

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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 given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is 160.00%.

Analyst Ratings Changes

A number of research analysts have weighed in on MOS shares. Wells Fargo & Company increased their price target on Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group started coverage on Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target on the stock. CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 price target for the company. Oppenheimer upgraded shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Thursday. Finally, Mizuho lowered their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.67.

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.