Cibc World Market Inc. Acquires New Position in The Mosaic Company $MOS

Cibc World Market Inc. acquired a new position in The Mosaic Company (NYSE:MOS) in the second quarter, HoldingsChannel reports. The institutional investor acquired 194,798 shares of the basic materials company’s stock, valued at approximately $4,128,000.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC boosted its stake in Mosaic by 2.0% in the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 380 shares during the period. NewEdge Advisors LLC lifted its position in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Mosaic by 2.3% in the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 466 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Mosaic by 51.4% during the second quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 491 shares during the last quarter. Finally, Fulcrum Asset Management LLP raised its holdings in Mosaic by 17.2% during the 4th quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock valued at $85,000 after buying an additional 518 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

MOS stock opened at $24.30 on Wednesday. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of -12.03, a PEG ratio of 4.34 and a beta of 0.82. The business’s fifty day simple moving average is $22.29 and its two-hundred day simple moving average is $24.18. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts predict that The Mosaic Company will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. The Goldman Sachs Group lowered their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. BNP Paribas Exane dropped their price target on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company cut their price target on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $27.17.

Mosaic 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.