The Mosaic Company (NYSE:MOS) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 84.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,444 shares of the basic materials company's stock after acquiring an additional 9,805 shares during the period. Fifth Third Bancorp's holdings in Mosaic were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its stake in Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock worth $625,000 after purchasing an additional 354 shares during the period. CVA Family Office LLC increased its holdings in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after buying an additional 384 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company's stock valued at $235,000 after buying an additional 426 shares during the period. GAMMA Investing LLC lifted its holdings in Mosaic by 5.8% in the third quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company's stock valued at $254,000 after acquiring an additional 517 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company's stock worth $52,000 after acquiring an additional 570 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a "market perform" rating for the company. Morgan Stanley reduced their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Piper Sandler increased their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Finally, CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Mosaic has a consensus rating of "Hold" and an average target price of $33.80.

Mosaic Stock Down 3.0 %

Shares of NYSE:MOS traded down $0.83 during trading on Monday, hitting $27.07. 5,537,684 shares of the company were exchanged, compared to its average volume of 4,698,540. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm's 50 day moving average price is $26.03 and its 200-day moving average price is $26.69. The stock has a market capitalization of $8.60 billion, a P/E ratio of 23.95, a PEG ratio of 1.49 and a beta of 1.34. The Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The business's revenue was down 20.8% on a year-over-year basis. On average, research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.25%. This is a boost from Mosaic's previous quarterly dividend of $0.21. Mosaic's payout ratio is currently 74.34%.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.