TD Waterhouse Canada Inc. Sells 38,199 Shares of The Mosaic Company $MOS

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

A number of other hedge funds have also added to or reduced their stakes in MOS. Fortress Financial Group LLC bought a new stake in Mosaic during the 2nd quarter worth approximately $269,000. SJS Investment Consulting Inc. raised its stake in shares of Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 525 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Mosaic in the second quarter worth approximately $32,000. Global Retirement Partners LLC purchased a new stake in shares of Mosaic in the second quarter worth approximately $46,000. Finally, Root Financial Partners LLC lifted its holdings in shares of Mosaic by 291.2% in the first quarter. Root Financial Partners LLC now owns 3,407 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 2.6%

Shares of MOS stock opened at $17.22 on Friday. The company has a 50 day moving average of $22.59 and a 200-day moving average of $22.69. 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 Mosaic Company has a 12-month low of $16.99 and a 12-month high of $32.25. The firm has a market cap of $5.47 billion, a P/E ratio of 12.28, a PEG ratio of 5.11 and a beta of 0.91.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Mosaic’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts anticipate that The Mosaic Company will post 0.34 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given 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 currently -43.56%.

Analysts Set New Price Targets

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

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.