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

CIBC Asset Management Inc grew its stake in shares of The Mosaic Company (NYSE:MOS) by 75.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,751 shares of the basic materials company’s stock after acquiring an additional 30,359 shares during the period. CIBC Asset Management Inc’s holdings in Mosaic were worth $1,704,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MOS. Dorsey Wright & Associates purchased a new stake in Mosaic in the third quarter worth $4,170,000. Wedge Capital Management L L P NC lifted its position in shares of Mosaic by 87.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after buying an additional 175,914 shares during the last quarter. Barclays PLC lifted its position in shares of Mosaic by 55.6% during the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after buying an additional 574,352 shares during the last quarter. Algert Global LLC grew its stake in shares of Mosaic by 26.3% during the 3rd quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock worth $13,183,000 after acquiring an additional 79,222 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Mosaic in the 4th quarter worth about $1,302,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MOS. JPMorgan Chase & Co. dropped their price objective on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Royal Bank Of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $28.00 to $27.00 in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $33.00 to $30.00 in a report on Friday, March 20th. Finally, BNP Paribas Exane reduced 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 analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.47.

Mosaic Stock Performance

NYSE MOS opened at $21.38 on Tuesday. The company’s 50 day simple moving average is $23.70 and its two-hundred day simple moving average is $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. The Mosaic Company has a 1 year low of $20.89 and a 1 year high of $38.23. 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.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts predict that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.

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.