CIBC Asset Management Inc Grows Holdings in The Mosaic Company $MOS

CIBC Asset Management Inc raised its stake in The Mosaic Company (NYSE:MOS) by 75.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 70,751 shares of the basic materials company’s stock after purchasing an additional 30,359 shares during the quarter. CIBC Asset Management Inc’s holdings in Mosaic were worth $1,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MOS. Vanguard Group Inc. lifted its holdings in shares of Mosaic by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after acquiring an additional 461,524 shares during the last quarter. State Street Corp increased its stake in Mosaic by 2.0% in the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock valued at $476,293,000 after acquiring an additional 251,496 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mosaic by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after purchasing an additional 1,285,883 shares in the last quarter. Invesco Ltd. raised its position in Mosaic by 3.7% during the third quarter. Invesco Ltd. now owns 9,186,429 shares of the basic materials company’s stock valued at $318,585,000 after purchasing an additional 331,739 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 3.8%

Shares of MOS stock opened at $21.38 on Tuesday. The stock has a market capitalization of $6.79 billion, a PE ratio of 164.50, a P/E/G ratio of 2.63 and a beta of 0.79. The Mosaic Company has a 1-year low of $20.89 and a 1-year high of $38.23. The business has a 50-day moving average of $23.70 and a 200 day moving average of $25.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the firm earned $0.49 earnings per share. Mosaic’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts anticipate that The Mosaic Company will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research reports. Weiss Ratings cut Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. The Goldman Sachs Group dropped their target price on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Barclays cut their target price on Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. UBS Group lowered their price objective on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Finally, BNP Paribas Exane cut their price objective on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.47.

About Mosaic

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.