The Mosaic Company $MOS Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia cut its stake in The Mosaic Company (NYSE:MOS) by 73.7% in the first quarter, Holdings Channel.com reports. The fund owned 44,507 shares of the basic materials company’s stock after selling 124,869 shares during the quarter. Bank of Nova Scotia’s holdings in Mosaic were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MOS. Cetera Investment Advisers grew its holdings in shares of Mosaic by 162.2% during the first quarter. Cetera Investment Advisers now owns 151,195 shares of the basic materials company’s stock worth $3,855,000 after purchasing an additional 93,526 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Mosaic by 7.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 80,621 shares of the basic materials company’s stock valued at $2,056,000 after purchasing an additional 5,387 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Mosaic by 5.0% in the 1st quarter. CI Investments Inc. now owns 134,050 shares of the basic materials company’s stock valued at $3,418,000 after purchasing an additional 6,325 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Mosaic by 77.2% in the 1st quarter. First Trust Advisors LP now owns 949,167 shares of the basic materials company’s stock valued at $24,204,000 after purchasing an additional 413,530 shares during the last quarter. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Mosaic in the 1st quarter valued at about $565,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings cut Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. BNP Paribas Exane decreased their price objective on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Morgan Stanley lowered their target price on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Finally, Rothschild & Co Redburn started coverage on shares of Mosaic in a report on Friday, June 26th. They issued a “buy” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.11.

Mosaic Price Performance

Shares of MOS opened at $22.57 on Thursday. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $37.08. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 173.67, a price-to-earnings-growth ratio of 3.11 and a beta of 0.82. The firm has a 50-day simple moving average of $22.18 and a 200-day simple moving average of $24.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25.

Mosaic (NYSE:MOS) last released its quarterly earnings results 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). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. On average, equities research analysts anticipate that The Mosaic Company will post 0.73 earnings per share for the current 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.