Toronto Dominion Bank Purchases 67,811 Shares of The Mosaic Company (NYSE:MOS)

Toronto Dominion Bank raised its position in The Mosaic Company (NYSE:MOS) by 23.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,753 shares of the basic materials company’s stock after acquiring an additional 67,811 shares during the period. Toronto Dominion Bank owned approximately 0.11% of Mosaic worth $9,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MOS. Swedbank AB boosted its position in shares of Mosaic by 6.2% in the 2nd quarter. Swedbank AB now owns 1,240,678 shares of the basic materials company’s stock worth $35,856,000 after purchasing an additional 71,986 shares in the last quarter. Quarry LP raised its stake in Mosaic by 131.4% in the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock valued at $1,124,000 after buying an additional 22,084 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Herr Investment Group LLC grew its stake in shares of Mosaic by 1,318.7% during the second quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock worth $9,601,000 after acquiring an additional 308,792 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mosaic during the third quarter valued at about $1,251,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Mizuho lifted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Oppenheimer assumed coverage on Mosaic in a research note on Thursday. They issued a “market perform” rating for the company. Finally, Barclays decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and an average target price of $35.40.

Mosaic Stock Performance

MOS opened at $26.80 on Friday. The firm has a fifty day moving average price of $26.45 and a 200 day moving average price of $27.36. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The stock has a market cap of $8.51 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company posted $0.68 EPS. The company’s revenue was down 20.8% on a year-over-year basis. Equities research analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, December 5th. Mosaic’s payout ratio is currently 74.34%.

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.