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

Cibc World Markets Corp boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 296.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,178 shares of the basic materials company’s stock after acquiring an additional 128,749 shares during the quarter. Cibc World Markets Corp’s holdings in Mosaic were worth $4,232,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MOS. Allianz Asset Management GmbH increased its holdings in Mosaic by 190.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock valued at $39,178,000 after buying an additional 1,045,812 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares during the period. Two Sigma Advisers LP increased its holdings in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after buying an additional 947,500 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after purchasing an additional 359,760 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after purchasing an additional 178,844 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MOS. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Morgan Stanley cut their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $33.00 in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.64.

Mosaic Trading Up 2.8 %

NYSE:MOS opened at $27.95 on Thursday. The company has a market capitalization of $8.86 billion, a P/E ratio of 24.74, a PEG ratio of 1.42 and a beta of 1.34. The firm has a fifty day simple moving average of $26.41 and a 200-day simple moving average of $26.16. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.15%. Mosaic’s payout ratio is currently 160.00%.

Mosaic Profile

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.