Healthcare of Ontario Pension Plan Trust Fund Invests $1.25 Million in The Mosaic Company (NYSE:MOS)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of The Mosaic Company (NYSE:MOS) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 46,700 shares of the basic materials company’s stock, valued at approximately $1,251,000.

Other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc purchased a new position in shares of Mosaic in the first quarter valued at $1,197,000. GAMMA Investing LLC grew its stake in shares of Mosaic by 292.5% in the 2nd quarter. GAMMA Investing LLC now owns 8,981 shares of the basic materials company’s stock worth $260,000 after buying an additional 6,693 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Mosaic by 21.4% in the 2nd quarter. DNB Asset Management AS now owns 65,685 shares of the basic materials company’s stock worth $1,898,000 after buying an additional 11,579 shares during the last quarter. Mather Group LLC. raised its position in shares of Mosaic by 149.2% during the 2nd quarter. Mather Group LLC. now owns 2,793 shares of the basic materials company’s stock valued at $81,000 after buying an additional 1,672 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Mosaic by 99.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,975 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 6,479 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 2.8 %

NYSE MOS opened at $26.46 on Monday. The stock has a market cap of $8.40 billion, a PE ratio of 23.42, a PEG ratio of 1.83 and a beta of 1.35. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company’s 50-day moving average price is $26.44 and its 200-day moving average price is $27.62. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion for 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 business’s revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. Equities research analysts forecast that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Analysts Set New Price Targets

MOS has been the topic of a number of recent research reports. Barclays decreased their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Mizuho boosted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lowered their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.22.

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.