TD Waterhouse Canada Inc. Raises Position in The Mosaic Company $MOS

Key Points

• TD Waterhouse Canada increased its Mosaic stake by 141.7% in the second quarter, bringing its holdings to 74,682 shares valued at approximately $1.59 million. Institutional investors collectively own 77.54% of the company.
• Analysts remain cautious, with Mosaic carrying a consensus “Hold” rating and an average price target of $27.17. Recent targets range from $22 to $30, despite RBC upgrading the stock to “Outperform.”
• Mosaic reported quarterly EPS of $0.13, slightly ahead of estimates, but revenue fell 6% year over year to $2.82 billion. The company also declared a quarterly dividend of $0.22 per share, implying a 3.3% annualized yield.

TD Waterhouse Canada Inc. raised its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 141.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,682 shares of the basic materials company's stock after buying an additional 43,777 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Mosaic were worth $1,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Mosaic in the second quarter valued at approximately $31,000. SJS Investment Consulting Inc. raised its stake in Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 525 shares in the last quarter. Gen Wealth Partners Inc bought a new stake in Mosaic during the fourth quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc purchased a new position in Mosaic in the 2nd quarter worth approximately $34,000. 77.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Wells Fargo & Company reduced their target price on Mosaic from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 14th. BMO Capital Markets lowered their price target on Mosaic from $31.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Barclays dropped their price target on Mosaic from $31.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday, May 18th. Finally, Berenberg Bank reduced their price objective on Mosaic from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Tuesday, May 19th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of "Hold" and a consensus price target of $27.17.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president owned 116,198 shares of the company's stock, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company's stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $26.53 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 stock has a market cap of $8.43 billion, a PE ratio of -13.13, a PEG ratio of 4.68 and a beta of 0.83. The company's fifty day moving average is $22.89 and its 200 day moving average is $23.86. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99.

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

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.88 annualized dividend and a yield of 3.3%. Mosaic's payout ratio is presently -43.56%.

Mosaic Company Profile

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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