Ontario Teachers Pension Plan Board Sells 21,999 Shares of The Mosaic Company (NYSE:MOS)

Ontario Teachers Pension Plan Board decreased its stake in shares of The Mosaic Company (NYSE:MOS) by 34.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,420 shares of the basic materials company’s stock after selling 21,999 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mosaic were worth $1,043,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its stake in shares of Mosaic by 29.4% during the fourth quarter. Guggenheim Capital LLC now owns 44,019 shares of the basic materials company’s stock valued at $1,082,000 after purchasing an additional 10,013 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Mosaic during the 4th quarter worth $5,033,000. Canada Post Corp Registered Pension Plan acquired a new position in Mosaic during the 4th quarter worth $104,000. CreativeOne Wealth LLC acquired a new stake in shares of Mosaic in the 4th quarter valued at $206,000. Finally, Mariner LLC increased its stake in shares of Mosaic by 12.9% in the 4th quarter. Mariner LLC now owns 52,757 shares of the basic materials company’s stock valued at $1,297,000 after buying an additional 6,027 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 0.6 %

NYSE:MOS opened at $26.42 on Wednesday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 23.38, a PEG 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. The stock has a 50-day moving average price of $25.80 and a two-hundred day moving average price of $26.14. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.33%. Mosaic’s payout ratio is 160.00%.

Analyst Ratings Changes

Several research firms recently issued reports on MOS. Piper Sandler reiterated a “neutral” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Royal Bank of Canada boosted their price target on shares of Mosaic from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, April 4th. Wells Fargo & Company raised their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Scotiabank lifted their target price on shares of Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 19th. Finally, Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research note on Thursday, March 20th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.58.

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.