National Bank of Canada FI Acquires 20,163 Shares of The Mosaic Company (NYSE:MOS)

National Bank of Canada FI grew its stake in The Mosaic Company (NYSE:MOS - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,262 shares of the basic materials company's stock after buying an additional 20,163 shares during the period. National Bank of Canada FI owned approximately 0.08% of Mosaic worth $6,520,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd purchased a new stake in Mosaic during the 4th quarter valued at about $33,000. Tobam bought a new position in Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic in the 4th quarter worth approximately $41,000. Finally, Ethos Financial Group LLC bought a new stake in Mosaic in the fourth quarter valued at approximately $55,000. Institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MOS. Morgan Stanley decreased their target price on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised 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 research note on Monday, March 3rd. Scotiabank upped their price target on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Finally, Mizuho cut their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.58.

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Mosaic Stock Up 6.3 %

Shares of Mosaic stock traded up $1.52 during trading on Friday, hitting $25.72. The company's stock had a trading volume of 6,238,216 shares, compared to its average volume of 4,577,764. The company has a fifty day simple moving average of $25.82 and a two-hundred day simple moving average of $26.14. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $32.29. The company has a market capitalization of $8.15 billion, a PE ratio of 22.76, a P/E/G ratio of 1.42 and a beta of 1.04. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is 160.00%.

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.