Scotia Capital Inc. Sells 11,166 Shares of The Mosaic Company (NYSE:MOS)

Scotia Capital Inc. lowered its stake in shares of The Mosaic Company (NYSE:MOS) by 51.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,684 shares of the basic materials company’s stock after selling 11,166 shares during the quarter. Scotia Capital Inc.’s holdings in Mosaic were worth $263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Mosaic during the fourth quarter valued at about $3,599,000. APG Asset Management N.V. lifted its position in shares of Mosaic by 202.8% during the 4th quarter. APG Asset Management N.V. now owns 236,951 shares of the basic materials company’s stock worth $5,625,000 after buying an additional 158,704 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after buying an additional 3,058,243 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Mosaic by 11.8% in the 4th quarter. Bank of Montreal Can now owns 744,124 shares of the basic materials company’s stock worth $18,291,000 after buying an additional 78,495 shares during the last quarter. Finally, Ranmore Fund Management Ltd purchased a new stake in shares of Mosaic during the fourth quarter valued at approximately $6,391,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 0.6 %

Mosaic stock opened at $26.42 on Wednesday. The firm has a 50 day simple moving average of $25.80 and a 200 day simple moving average of $26.14. 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 Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.29. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.42 and a beta of 1.04.

Mosaic Announces Dividend

The business 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 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 dividend yield of 3.33%. Mosaic’s payout ratio is 160.00%.

Analyst Upgrades and Downgrades

MOS has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on Mosaic in a research report on Thursday, March 13th. They issued a “buy” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Piper Sandler restated a “neutral” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. Scotiabank boosted their target price on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley reduced their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Seven equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.