194,798 Shares in The Mosaic Company $MOS Acquired by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. acquired 194,798 Mosaic shares in the second quarter, valued at approximately $4.13 million. Institutional investors collectively own 77.54% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $27.17. Recent targets ranged from $23 to $30, while one analyst downgraded the stock to “strong sell.”
• Mosaic reported quarterly EPS of $0.13, slightly above estimates, but revenue of $2.82 billion fell short of expectations and declined 6% year over year. The stock opened at $24.30, up 1.3%.

Cibc World Market Inc. acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 194,798 shares of the basic materials company's stock, valued at approximately $4,128,000. Cibc World Market Inc. owned approximately 0.06% of Mosaic as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MOS. NewEdge Advisors LLC grew its position in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 380 shares during the last quarter. United Services Automobile Association bought a new stake in Mosaic during the 1st quarter valued at about $201,000. Empowered Funds LLC raised its holdings in Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company's stock worth $1,463,000 after buying an additional 34,151 shares during the last quarter. Woodline Partners LP raised its holdings in Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company's stock worth $725,000 after buying an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after buying an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BNP Paribas Exane reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, July 1st. Wall Street Zen cut Mosaic from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. UBS Group cut their target price on Mosaic from $27.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 12th. BMO Capital Markets reduced their target price on Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, June 30th. Finally, Rothschild & Co Redburn started coverage on Mosaic in a research note on Friday, June 26th. They issued a "buy" rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.17.

Mosaic Stock Up 1.3%

MOS opened at $24.30 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 firm has a 50 day moving average price of $22.29 and a 200-day moving average price of $24.18. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of -12.03, a PEG ratio of 4.34 and a beta of 0.82.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm's quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts forecast that The Mosaic Company will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 23,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares in the company, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is owned by insiders.

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.

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