TD Waterhouse Canada Inc. Boosts Stock Position in The Mosaic Company $MOS

TD Waterhouse Canada Inc. boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 141.7% during the second quarter, Holdings Channel reports. The firm owned 74,682 shares of the basic materials company’s stock after acquiring an additional 43,777 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mosaic were worth $1,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC raised its holdings in shares of Mosaic by 35.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after acquiring an additional 785,057 shares in the last quarter. California State Teachers Retirement System increased its position in Mosaic by 22.2% during the 1st quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock valued at $9,345,000 after purchasing an additional 66,608 shares during the period. Tejara Capital Ltd bought a new position in Mosaic in the 2nd quarter worth $1,301,000. Bank of America Corp DE raised its holdings in Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after purchasing an additional 170,724 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Mosaic by 18.6% in the 1st quarter. Royal Bank of Canada now owns 401,445 shares of the basic materials company’s stock worth $10,237,000 after purchasing an additional 62,883 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Insider Buying and Selling

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares in the company, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Mosaic Stock Performance

Shares of MOS opened at $26.53 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The stock has a market cap of $8.43 billion, a P/E ratio of -13.13, a P/E/G ratio of 4.68 and a beta of 0.83. The business’s 50 day moving average price is $22.89 and its 200-day moving average price is $23.86. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a yield of 3.3%. Mosaic’s payout ratio is presently -43.56%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. BMO Capital Markets decreased their target price on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn initiated coverage on Mosaic in a research report on Friday, June 26th. They set a “buy” rating and a $30.00 price target on the stock. BNP Paribas Exane reduced their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. Finally, Scotiabank restated an “outperform” rating and set a $30.00 target price on shares of Mosaic in a report on Tuesday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.17.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.