TD Asset Management Inc Has $4.60 Million Holdings in The Mosaic Company (NYSE:MOS)

Key Points

• TD Asset Management Inc reduced its position in The Mosaic Company by 24%, owning approximately 0.05% of the company worth $4.60 million after selling 53,821 shares.
• Mosaic has received various upgrades from analysts, with Oppenheimer raising the target price to $43.00 and Wells Fargo to $38.00, while the stock currently holds an average rating of "Moderate Buy."
• The company's recent earnings report showed earnings per share of $0.49, beating estimates, but revenue declined 2.2% year-over-year, coming in at $2.62 billion.

TD Asset Management Inc decreased its position in The Mosaic Company (NYSE:MOS - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,121 shares of the basic materials company's stock after selling 53,821 shares during the period. TD Asset Management Inc owned about 0.05% of Mosaic worth $4,595,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC acquired a new position in shares of Mosaic in the 1st quarter worth approximately $209,000. Cetera Investment Advisers grew its position in Mosaic by 17.7% during the 1st quarter. Cetera Investment Advisers now owns 23,375 shares of the basic materials company's stock worth $631,000 after acquiring an additional 3,511 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its position in Mosaic by 76.1% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 5,575 shares of the basic materials company's stock worth $151,000 after acquiring an additional 2,409 shares during the last quarter. Cadence Wealth Management LLC grew its position in Mosaic by 6.2% during the 1st quarter. Cadence Wealth Management LLC now owns 23,254 shares of the basic materials company's stock worth $628,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its position in Mosaic by 34.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 47,791 shares of the basic materials company's stock worth $1,291,000 after acquiring an additional 12,141 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. CIBC increased their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their price target on Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research report on Wednesday, May 14th. UBS Group upgraded Mosaic from a "neutral" rating to a "buy" rating and set a $45.00 price objective on the stock in a research report on Wednesday, July 23rd. Finally, Barclays increased their price objective on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.75.

Insider Activity

In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Mosaic Trading Up 0.5%

Shares of NYSE:MOS traded up $0.19 during midday trading on Monday, hitting $35.51. The company had a trading volume of 3,599,628 shares, compared to its average volume of 4,221,877. 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 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.60 and a beta of 1.12. The firm has a fifty day simple moving average of $36.14 and a 200 day simple moving average of $30.77.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $0.65 EPS. The firm's revenue was down 2.2% on a year-over-year basis. On average, analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

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.