The Mosaic Company $MOS Stock Position Cut by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its holdings in shares of The Mosaic Company (NYSE:MOS) by 51.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,483 shares of the basic materials company’s stock after selling 38,199 shares during the period. TD Waterhouse Canada Inc.’s holdings in Mosaic were worth $786,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Mosaic in the second quarter worth $524,484,000. Dimensional Fund Advisors LP raised its position in Mosaic by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after purchasing an additional 832,914 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in Mosaic during the 2nd quarter worth $163,662,000. Nykredit A S acquired a new position in Mosaic during the 2nd quarter worth about $108,329,000. Finally, Bank of New York Mellon Corp grew its position in shares of Mosaic by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,136,118 shares of the basic materials company’s stock valued at $105,471,000 after buying an additional 25,109 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock opened at $17.22 on Friday. The stock has a market capitalization of $5.47 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 5.11 and a beta of 0.91. The company’s 50-day moving average is $22.59 and its 200-day moving average is $22.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The Mosaic Company has a 1 year low of $16.99 and a 1 year high of $32.25.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts expect that The Mosaic Company will post 0.34 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, December 4th. Mosaic’s dividend payout ratio (DPR) is -43.56%.

Insider Buying and Selling

In other news, SVP Walter Precourt, III sold 23,000 shares of the business’s 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 in the company, valued at $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MOS shares. Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Mizuho dropped their target price on shares of Mosaic from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Morgan Stanley cut their price target on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Barclays lowered their price objective on Mosaic from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.67.

Mosaic Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.