TD Asset Management Inc Sells 4,120 Shares of The Mosaic Company (NYSE:MOS)

TD Asset Management Inc reduced its holdings in shares of The Mosaic Company (NYSE:MOS) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,376 shares of the basic materials company’s stock after selling 4,120 shares during the quarter. TD Asset Management Inc’s holdings in Mosaic were worth $7,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Mosaic by 64,942.3% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380,407,544 shares of the basic materials company’s stock worth $48,314,264,000 after acquiring an additional 1,378,285,221 shares during the period. State Street Corp boosted its stake in Mosaic by 0.5% in the 1st quarter. State Street Corp now owns 17,316,083 shares of the basic materials company’s stock valued at $794,460,000 after purchasing an additional 81,245 shares during the period. Geode Capital Management LLC boosted its stake in Mosaic by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 7,230,422 shares of the basic materials company’s stock valued at $332,410,000 after purchasing an additional 160,329 shares during the period. Capital International Investors bought a new stake in Mosaic in the 1st quarter valued at $412,663,000. Finally, Bank of America Corp DE boosted its stake in Mosaic by 38.1% in the 1st quarter. Bank of America Corp DE now owns 5,687,831 shares of the basic materials company’s stock valued at $260,958,000 after purchasing an additional 1,570,465 shares during the period. 84.05% of the stock is currently owned by institutional investors.

Mosaic Price Performance

Mosaic stock opened at $36.21 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 1.10. The Mosaic Company has a 52 week low of $31.44 and a 52 week high of $57.46. The stock has a market capitalization of $11.83 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56. The stock has a fifty day moving average of $35.31 and a 200-day moving average of $36.48.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). Mosaic had a return on equity of 12.71% and a net margin of 8.80%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the firm posted $3.22 EPS. Mosaic’s quarterly revenue was down 33.7% on a year-over-year basis. On average, sell-side analysts expect that The Mosaic Company will post 3.78 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. Mosaic’s payout ratio is presently 20.51%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Mosaic from $41.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, October 4th. StockNews.com assumed coverage on Mosaic in a research note on Thursday, October 5th. They issued a “hold” rating for the company. HSBC upgraded Mosaic from a “reduce” rating to a “hold” rating and set a $40.00 price target for the company in a research note on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and set a $40.00 target price on shares of Mosaic in a research report on Thursday, September 21st. Finally, Bank of America upped their target price on Mosaic from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.35.

Mosaic Company Profile

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.