Caisse de depot et placement du Quebec Acquires Shares of 741,964 The Mosaic Company $MOS

Caisse de depot et placement du Quebec bought a new stake in The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 741,964 shares of the basic materials company’s stock, valued at approximately $15,722,000. Caisse de depot et placement du Quebec owned about 0.23% of Mosaic at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 380 shares in the last quarter. United Services Automobile Association acquired a new stake in Mosaic during the 1st quarter worth approximately $201,000. Empowered Funds LLC grew its position in Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 34,151 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MOS shares. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Freedom Capital cut shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. Berenberg Bank reduced their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Finally, BNP Paribas Exane decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $27.17.

Mosaic Stock Performance

Shares of MOS stock opened at $23.64 on Friday. The stock has a fifty day moving average price of $22.36 and a 200 day moving average price of $24.11. The stock has a market cap of $7.52 billion, a PE ratio of -11.70, a P/E/G ratio of 4.30 and a beta of 0.82. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.Mosaic’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. Mosaic’s payout ratio is currently -43.56%.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.