Bank of Montreal Can Has $20.67 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

Bank of Montreal Can grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 34.9% in the second quarter, Holdings Channel reports. The institutional investor owned 701,536 shares of the basic materials company’s stock after acquiring an additional 181,601 shares during the period. Bank of Montreal Can’s holdings in Mosaic were worth $20,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after acquiring an additional 1,893,797 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after purchasing an additional 10,124,427 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after purchasing an additional 1,628,850 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Mosaic by 13.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company’s stock valued at $74,552,000 after buying an additional 308,110 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in shares of Mosaic by 84.7% during the second quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock valued at $60,205,000 after buying an additional 955,199 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

MOS has been the topic of several recent analyst reports. Barclays dropped their price objective on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a report on Monday, August 12th. Piper Sandler reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, UBS Group reduced their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.73.

Mosaic Stock Performance

Shares of MOS opened at $27.02 on Friday. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The stock’s fifty day moving average price is $27.38 and its two-hundred day moving average price is $29.14. The firm has a market cap of $8.69 billion, a PE ratio of 11.50, a PEG ratio of 1.60 and a beta of 1.36.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company’s revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.11%. Mosaic’s payout ratio is 35.74%.

Insiders Place Their Bets

In related news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the sale, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.