Investment Management Corp of Ontario Has $286,000 Stake in The Mosaic Company (NYSE:MOS)

Investment Management Corp of Ontario raised its stake in The Mosaic Company (NYSE:MOS) by 48.9% during the third quarter, HoldingsChannel.com reports. The fund owned 10,662 shares of the basic materials company’s stock after acquiring an additional 3,500 shares during the quarter. Investment Management Corp of Ontario’s holdings in Mosaic were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MOS. CWM LLC increased its position in shares of Mosaic by 151.6% during the 2nd quarter. CWM LLC now owns 11,850 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 7,141 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Mosaic by 50.2% during the second quarter. QRG Capital Management Inc. now owns 24,243 shares of the basic materials company’s stock worth $701,000 after buying an additional 8,098 shares in the last quarter. Czech National Bank raised its stake in shares of Mosaic by 6.5% in the second quarter. Czech National Bank now owns 61,245 shares of the basic materials company’s stock valued at $1,770,000 after acquiring an additional 3,746 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Mosaic in the 2nd quarter worth approximately $204,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Mosaic by 13.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 40,385 shares of the basic materials company’s stock worth $1,167,000 after acquiring an additional 4,915 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

MOS opened at $25.58 on Monday. The company has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $27.47. The firm has a market capitalization of $8.13 billion, a PE ratio of 22.64, a P/E/G ratio of 1.85 and a beta of 1.34. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. As a group, analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.28%. Mosaic’s dividend payout ratio is 74.34%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MOS. Wells Fargo & Company reduced their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Mizuho upped their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Barclays dropped their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.