The Mosaic Company (NYSE:MOS) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its position in The Mosaic Company (NYSE:MOS - Free Report) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 744,124 shares of the basic materials company's stock after acquiring an additional 78,495 shares during the period. Bank of Montreal Can owned approximately 0.23% of Mosaic worth $18,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOS. Brooklyn Investment Group raised its stake in shares of 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 purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new position in Mosaic in the 4th quarter worth approximately $33,000. Tobam purchased a new position in Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic during the 4th quarter valued at approximately $41,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of Mosaic in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Price Performance

NYSE:MOS traded down $0.17 during trading hours on Tuesday, hitting $26.42. 3,272,013 shares of the stock were exchanged, compared to its average volume of 4,579,187. The firm's fifty day moving average price is $25.80 and its 200 day moving average price is $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 cap of $8.37 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.42 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Remove Ads

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is currently 160.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MOS shares. Royal Bank of Canada boosted their target price on shares of Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a research note on Thursday, March 20th. Wells Fargo & Company lifted their price target on Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Mizuho lowered 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. Finally, Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mosaic has a consensus rating of "Moderate Buy" and an average target price of $32.58.

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.