121,347 Shares in The Mosaic Company (NYSE:MOS) Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 121,347 shares of the basic materials company's stock, valued at approximately $2,983,000.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Mosaic by 84.2% during the 4th quarter. Fifth Third Bancorp now owns 21,444 shares of the basic materials company's stock valued at $527,000 after acquiring an additional 9,805 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Mosaic during the fourth quarter worth $326,000. Lake Hills Wealth Management LLC bought a new position in shares of Mosaic in the 4th quarter worth about $221,000. Brooklyn Investment Group boosted its holdings in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after buying an additional 587 shares during the period. Finally, Merit Financial Group LLC grew its position in shares of Mosaic by 10.6% during the 4th quarter. Merit Financial Group LLC now owns 21,038 shares of the basic materials company's stock valued at $517,000 after buying an additional 2,008 shares during the last quarter. Institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

MOS has been the topic of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective for the company. Oppenheimer assumed coverage on Mosaic in a research note on Thursday, December 12th. They issued a "market perform" rating on the stock. Piper Sandler upped their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Mizuho lifted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Mosaic presently has an average rating of "Hold" and a consensus price target of $35.09.

Mosaic Price Performance

NYSE MOS traded down $0.20 on Monday, reaching $28.01. 3,659,249 shares of the stock traded hands, compared to its average volume of 4,955,241. The firm's fifty day simple moving average is $25.78 and its 200 day simple moving average is $26.72. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 24.79, a P/E/G 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. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share 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 business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the business posted $0.68 EPS. The business's revenue for the quarter was down 20.8% on a year-over-year basis. As a group, research analysts predict that The Mosaic Company will post 2.05 EPS for the current fiscal year.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.14%. This is a boost from Mosaic's previous quarterly dividend of $0.21. Mosaic's dividend payout ratio is currently 74.34%.

Mosaic 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.