OLD National Bancorp IN Has $7.17 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

OLD National Bancorp IN grew its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 33.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 291,605 shares of the basic materials company's stock after acquiring an additional 73,653 shares during the quarter. OLD National Bancorp IN owned about 0.09% of Mosaic worth $7,168,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho boosted their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a "market perform" rating for the company. Piper Sandler upped their target price on Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday. Royal Bank of Canada reiterated a "sector perform" rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Finally, CIBC began coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Mosaic currently has an average rating of "Hold" and a consensus target price of $35.09.

Mosaic Stock Performance

MOS traded down $0.32 during midday trading on Friday, reaching $28.26. The company's stock had a trading volume of 544,343 shares, compared to its average volume of 4,548,342. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.98 billion, a P/E ratio of 25.01, a PEG ratio of 1.53 and a beta of 1.34. The company has a fifty day simple moving average of $26.00 and a 200 day simple moving average of $26.75.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business's revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is an increase from Mosaic's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.11%. The ex-dividend date is Thursday, March 6th. Mosaic's dividend payout ratio (DPR) is currently 74.34%.

About Mosaic

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.