Toronto Dominion Bank Boosts Stake in The Mosaic Company (NYSE:MOS)

Toronto Dominion Bank increased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,400 shares of the basic materials company's stock after acquiring an additional 27,647 shares during the quarter. Toronto Dominion Bank owned about 0.12% of Mosaic worth $9,473,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MOS. Merit Financial Group LLC increased its position in shares of Mosaic by 10.6% during the fourth quarter. Merit Financial Group LLC now owns 21,038 shares of the basic materials company's stock worth $517,000 after purchasing an additional 2,008 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares in the last quarter. Lake Hills Wealth Management LLC purchased a new position in Mosaic during the 4th quarter worth $221,000. Impact Partnership Wealth LLC acquired a new position in Mosaic during the 4th quarter valued at about $326,000. Finally, Fifth Third Bancorp increased its position in Mosaic by 84.2% during the 4th quarter. Fifth Third Bancorp now owns 21,444 shares of the basic materials company's stock valued at $527,000 after buying an additional 9,805 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of MOS stock traded up $0.12 during trading hours on Monday, hitting $35.13. The company's stock had a trading volume of 2,932,756 shares, compared to its average volume of 4,708,614. The stock has a market cap of $11.14 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $35.96. The company has a 50 day moving average of $29.00 and a 200 day moving average of $27.05. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.50%. Mosaic's payout ratio is 75.86%.

Wall Street Analysts Forecast Growth

MOS has been the subject of several recent analyst reports. Royal Bank of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 target price on the stock. Oppenheimer upped their price target on shares of Mosaic from $33.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Finally, Mizuho lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mosaic currently has an average rating of "Moderate Buy" and an average target price of $34.58.

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.