The Mosaic Company (NYSE:MOS) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its holdings in shares of The Mosaic Company (NYSE:MOS) by 319.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 825,046 shares of the basic materials company’s stock after acquiring an additional 628,251 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.26% of Mosaic worth $20,260,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mosaic during the fourth quarter worth about $97,363,000. Invesco Ltd. grew its position in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after purchasing an additional 3,058,243 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Mosaic by 190.8% in 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 purchasing an additional 1,045,812 shares during the period. Foundry Partners LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $14,155,000. Finally, Donald Smith & CO. Inc. raised its holdings in shares of Mosaic by 14.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,138,125 shares of the basic materials company’s stock valued at $77,135,000 after buying an additional 386,545 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 1.0 %

Mosaic stock opened at $27.24 on Monday. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29. The firm’s 50 day moving average price is $25.80 and its two-hundred day moving average price is $26.14. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

Several research firms recently commented on MOS. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research report on Thursday, March 20th. UBS Group lowered their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lifted their price objective on shares of Mosaic from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. Mizuho decreased their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Finally, Morgan Stanley dropped their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.42.

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.