Royal Bank of Canada Buys 62,883 Shares of The Mosaic Company $MOS

Royal Bank of Canada increased its stake in The Mosaic Company (NYSE:MOS) by 18.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 401,445 shares of the basic materials company’s stock after acquiring an additional 62,883 shares during the quarter. Royal Bank of Canada’s holdings in Mosaic were worth $10,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOS. Vanguard Group Inc. boosted its position in Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after buying an additional 461,524 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Mosaic by 6.2% during the first quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after acquiring an additional 832,914 shares during the period. State Street Corp raised its stake in shares of Mosaic by 1.9% during the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after acquiring an additional 240,146 shares in the last quarter. Invesco Ltd. raised its stake in shares of Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after acquiring an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Mosaic by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after purchasing an additional 63,822 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Shares of MOS stock opened at $23.08 on Monday. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of -11.42, a PEG ratio of 3.46 and a beta of 0.82. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. 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 company’s 50 day moving average is $22.14 and its 200 day moving average is $24.62.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.Mosaic’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts anticipate that The Mosaic Company will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Freedom Capital raised Mosaic from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Berenberg Bank lowered their target price on Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Wall Street Zen downgraded Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, Barclays cut their price target on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price 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.