National Bank of Canada FI Has $6.56 Million Holdings in The Mosaic Company (NYSE:MOS)

National Bank of Canada FI increased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,099 shares of the basic materials company's stock after acquiring an additional 53,072 shares during the quarter. National Bank of Canada FI owned about 0.08% of Mosaic worth $6,564,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock worth $36,000 after acquiring an additional 351 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic in the 2nd quarter valued at $46,000. Larson Financial Group LLC increased its position in Mosaic by 180,900.0% during the 3rd 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 during the period. Kimelman & Baird LLC acquired a new stake in shares of Mosaic during the second quarter worth $49,000. Finally, CVA Family Office LLC boosted its position in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock valued at $55,000 after acquiring an additional 384 shares during the period. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

MOS has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Mizuho raised their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. CIBC assumed coverage on Mosaic in a research note on Tuesday. They issued a "neutral" rating and a $55.00 price target for the company. Barclays lowered their price objective on Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Finally, Oppenheimer started coverage on Mosaic in a research report on Thursday. They set a "market perform" rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.40.

Mosaic Price Performance

Shares of MOS stock traded up $0.13 on Friday, hitting $26.79. 3,053,756 shares of the company's stock were exchanged, compared to its average volume of 4,361,457. The company has a 50 day moving average of $26.46 and a 200 day moving average of $27.39. The stock has a market cap of $8.51 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. Mosaic's revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities research analysts predict that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, December 5th. Mosaic's payout ratio is currently 74.34%.

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.