US Bancorp DE Grows Stake in The Mosaic Company (NYSE:MOS)

US Bancorp DE boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,535 shares of the basic materials company’s stock after purchasing an additional 1,707 shares during the quarter. US Bancorp DE’s holdings in Mosaic were worth $711,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MOS. Donald Smith & CO. Inc. grew its holdings in Mosaic by 32.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after buying an additional 668,347 shares in the last quarter. Semanteon Capital Management LP purchased a new position in Mosaic during the third quarter valued at $205,000. State of Alaska Department of Revenue increased its holdings in Mosaic by 4.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 37,014 shares of the basic materials company’s stock valued at $991,000 after acquiring an additional 1,550 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Mosaic by 87.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 70,314 shares of the basic materials company’s stock valued at $1,878,000 after acquiring an additional 32,745 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Mosaic by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock worth $1,099,000 after purchasing an additional 653 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays cut their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company cut their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Finally, Mizuho lowered their target price on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.11.

Mosaic Trading Down 2.2 %

MOS stock opened at $27.73 on Friday. The firm’s fifty day simple moving average is $26.44 and its two-hundred day simple moving average is $28.04. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The Mosaic Company has a twelve month low of $24.11 and a twelve month high of $38.30.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.03%. Mosaic’s dividend payout ratio (DPR) is 113.51%.

Insider Activity

In related news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the sale, the director now owns 34,359 shares in the company, valued at $938,687.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the sale, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

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.