Royal Bank of Canada Acquires 62,883 Shares of The Mosaic Company $MOS

Key Points

• Royal Bank of Canada increased its Mosaic stake by 18.6% in the first quarter, purchasing 62,883 additional shares for a total of 401,445 shares valued at approximately $10.24 million. Institutional investors collectively own 77.54% of Mosaic.
• Mosaic reported quarterly EPS of $0.13, slightly above analysts’ $0.12 estimate, but revenue of $2.82 billion fell short of the $3.10 billion forecast and declined 6% year over year.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $27.17, compared with a recent share price of $23.08.

Royal Bank of Canada boosted its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 18.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 401,445 shares of the basic materials company's stock after purchasing an additional 62,883 shares during the quarter. Royal Bank of Canada owned about 0.13% of Mosaic worth $10,237,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MOS. Vanguard Group Inc. increased its holdings in shares of Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company's stock worth $942,477,000 after buying an additional 461,524 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company's stock valued at $363,110,000 after acquiring an additional 832,914 shares during the last quarter. State Street Corp lifted its holdings in shares of Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company's stock valued at $317,379,000 after acquiring an additional 240,146 shares during the last quarter. Invesco Ltd. grew its position in Mosaic by 28.9% in the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company's stock worth $285,235,000 after acquiring an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Mosaic by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company's stock worth $203,916,000 after acquiring an additional 63,822 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 0.1%

Shares of NYSE MOS opened at $23.08 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The company has a market cap of $7.33 billion, a P/E ratio of -11.42, a PEG ratio of 3.46 and a beta of 0.82. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The firm has a 50-day simple moving average of $22.14 and a two-hundred day simple moving average of $24.62.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company's quarterly revenue was down 6.0% on a year-over-year basis. Research analysts anticipate that The Mosaic Company will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MOS. HSBC decreased their price objective on Mosaic from $26.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday, June 18th. Scotiabank reiterated an "outperform" rating and issued a $30.00 target price on shares of Mosaic in a report on Tuesday, May 19th. Freedom Capital raised Mosaic from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, June 17th. Wall Street Zen lowered Mosaic from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. Finally, JPMorgan Chase & Co. lowered their price target on Mosaic from $24.00 to $19.00 and set an "underweight" rating for the company in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company 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.

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