Cibc World Markets Corp Raises Holdings in The Mosaic Company (NYSE:MOS)

Cibc World Markets Corp grew its position in shares of The Mosaic Company (NYSE:MOS) by 296.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,178 shares of the basic materials company’s stock after purchasing an additional 128,749 shares during the period. Cibc World Markets Corp owned approximately 0.05% of Mosaic worth $4,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MOS. Envestnet Portfolio Solutions Inc. bought a new position in shares of Mosaic in the 4th quarter valued at about $2,832,000. Natixis Advisors LLC lifted its holdings in shares of Mosaic by 65.9% in the 4th quarter. Natixis Advisors LLC now owns 18,506 shares of the basic materials company’s stock valued at $455,000 after acquiring an additional 7,352 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Mosaic by 115.1% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 1,694 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Mosaic by 13.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,251 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of Mosaic by 136.2% in the 4th quarter. Moors & Cabot Inc. now owns 18,495 shares of the basic materials company’s stock valued at $455,000 after acquiring an additional 10,664 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MOS. The Goldman Sachs Group began coverage on shares of Mosaic in a report on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target for the company. Mizuho decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company raised their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, CIBC initiated coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $32.64.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $27.95 on Thursday. The firm has a market cap of $8.86 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The firm’s 50 day simple moving average is $26.41 and its 200-day simple moving average is $26.16. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.15%. Mosaic’s dividend payout ratio (DPR) is 160.00%.

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.