TD Asset Management Inc Acquires 245,814 Shares of The Mosaic Company $MOS

Key Points

• TD Asset Management Inc increased its holdings in The Mosaic Company by 144.5%, acquiring an additional 245,814 shares to bring its total to 415,935 shares, valued at approximately $15.17 million.
• The Mosaic Company experienced a decline of 0.5% in stock price, with a current trading price of $29.29 and a market capitalization of $9.30 billion.
• Mosaic declared a quarterly dividend of $0.22 per share, translating to an annualized dividend yield of 3.0%, with a dividend payout ratio of 29.83%.

TD Asset Management Inc increased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 144.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 415,935 shares of the basic materials company's stock after purchasing an additional 245,814 shares during the period. TD Asset Management Inc owned 0.13% of Mosaic worth $15,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MGO One Seven LLC bought a new position in shares of Mosaic during the second quarter valued at approximately $286,000. CWM LLC boosted its stake in shares of Mosaic by 117.6% during the second quarter. CWM LLC now owns 35,118 shares of the basic materials company's stock valued at $1,281,000 after purchasing an additional 18,981 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Mosaic by 26.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,203 shares of the basic materials company's stock valued at $2,415,000 after purchasing an additional 13,772 shares in the last quarter. Aberdeen Group plc boosted its stake in Mosaic by 4.3% in the second quarter. Aberdeen Group plc now owns 26,579 shares of the basic materials company's stock valued at $970,000 after acquiring an additional 1,104 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Mosaic by 242.3% in the second quarter. IFP Advisors Inc now owns 2,954 shares of the basic materials company's stock valued at $108,000 after acquiring an additional 2,091 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Down 0.5%

NYSE MOS opened at $29.29 on Friday. The company has a fifty day simple moving average of $33.09 and a two-hundred day simple moving average of $33.17. The stock has a market cap of $9.30 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.93 and a beta of 1.00. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic's dividend payout ratio (DPR) is 29.83%.

Analysts Set New Price Targets

Several brokerages have weighed in on MOS. UBS Group lowered their target price on shares of Mosaic from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. raised their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Bank of America lowered their target price on shares of Mosaic from $49.00 to $43.00 and set a "buy" rating for the company in a research note on Tuesday, October 14th. Wells Fargo & Company lowered their target price on shares of Mosaic from $34.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Barclays lowered their target price on shares of Mosaic from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

About Mosaic

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.