TD Asset Management Inc Sells 53,821 Shares of 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 reduced its stake in The Mosaic Company (NYSE:MOS - Free Report) by 24.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,121 shares of the basic materials company's stock after selling 53,821 shares during the period. TD Asset Management Inc owned approximately 0.05% of Mosaic worth $4,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. increased its position in shares of Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after buying an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP lifted its stake in Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after purchasing an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. bought a new position in Mosaic in the 4th quarter valued at $36,231,000. Victory Capital Management Inc. boosted its holdings in Mosaic by 606.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after purchasing an additional 1,192,602 shares during the period. Finally, Covalis Capital LLP bought a new position in shares of Mosaic in the fourth quarter worth $27,031,000. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MOS. Scotiabank restated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. CIBC boosted their price target on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $43.00 target price (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Mosaic has an average rating of "Moderate Buy" and an average target price of $36.83.

Mosaic Trading Down 12.0%

NYSE:MOS traded down $4.27 during midday trading on Wednesday, reaching $31.41. 12,852,782 shares of the stock traded hands, compared to its average volume of 5,553,557. The stock has a market capitalization of $9.96 billion, a P/E ratio of 27.10, a PEG ratio of 1.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The company has a fifty day moving average of $36.13 and a 200 day moving average of $30.81. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The firm had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 6.7% on a year-over-year basis. On average, research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

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.