Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 46,700 The Mosaic Company (NYSE:MOS)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of The Mosaic Company (NYSE:MOS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 46,700 shares of the basic materials company’s stock, valued at approximately $1,251,000.

Several other institutional investors also recently modified their holdings of MOS. Blue Trust Inc. lifted its stake in Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 351 shares during the period. Crossmark Global Holdings Inc. lifted its position in Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 354 shares during the period. Moors & Cabot Inc. boosted its holdings in Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 382 shares during the last quarter. CVA Family Office LLC grew its position in Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the period. Finally, CX Institutional raised its stake in Mosaic by 1.5% during the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock valued at $823,000 after buying an additional 418 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho raised their price target on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Barclays cut their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company dropped their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Mosaic has an average rating of “Hold” and a consensus price target of $33.22.

Mosaic Stock Performance

Shares of NYSE MOS opened at $26.46 on Monday. 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 1 year low of $24.11 and a 1 year high of $38.30. The firm has a fifty day moving average price of $26.44 and a 200-day moving average price of $27.62. The stock has a market cap of $8.40 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35.

Mosaic (NYSE:MOS) last issued its quarterly earnings results 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). The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. Equities analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.17%. Mosaic’s payout ratio is 74.34%.

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.