The Mosaic Company $MOS Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of The Mosaic Company (NYSE:MOS) by 13.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357,963 shares of the basic materials company’s stock after selling 57,972 shares during the period. TD Asset Management Inc owned approximately 0.11% of Mosaic worth $12,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Rexford Capital Inc. acquired a new stake in shares of Mosaic during the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC raised its holdings in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after buying an additional 764 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE MOS opened at $27.79 on Monday. The stock’s 50-day moving average is $27.21 and its two-hundred day moving average is $28.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.40 and a beta of 0.97.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is 52.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley dropped their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday. Mizuho lifted their target price on shares of Mosaic from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Wolfe Research cut their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada decreased their price target on Mosaic from $29.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.00.

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.