Scotia Capital Inc. Has $263,000 Stock Holdings in The Mosaic Company (NYSE:MOS)

Scotia Capital Inc. lessened its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,684 shares of the basic materials company's stock after selling 11,166 shares during the quarter. Scotia Capital Inc.'s holdings in Mosaic were worth $263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MOS. Norges Bank acquired a new position in shares of Mosaic during the fourth quarter worth approximately $97,363,000. Invesco Ltd. raised its holdings in shares of Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after buying an additional 3,058,243 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Mosaic by 190.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock valued at $39,178,000 after buying an additional 1,045,812 shares in the last quarter. Foundry Partners LLC acquired a new position in Mosaic during the fourth quarter worth $14,155,000. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Mosaic by 14.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company's stock valued at $77,135,000 after purchasing an additional 386,545 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Trading Up 1.0 %

Mosaic stock traded up $0.27 during midday trading on Friday, hitting $27.24. 4,208,657 shares of the stock were exchanged, compared to its average volume of 4,602,925. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $32.29. 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 stock has a market capitalization of $8.63 billion, a PE ratio of 24.11, a P/E/G ratio of 1.42 and a beta of 1.04. The company has a fifty day simple moving average of $25.80 and a two-hundred day simple moving average of $26.15.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is presently 160.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MOS shares. Piper Sandler restated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, March 27th. Barclays raised Mosaic from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. The Goldman Sachs Group began coverage on Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price objective on the stock. Royal Bank of Canada upped their price target on shares of Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Finally, UBS Group reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.42.

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.