Fifth Third Bancorp Purchases 9,805 Shares of The Mosaic Company (NYSE:MOS)

Fifth Third Bancorp increased its stake in shares of The Mosaic Company (NYSE:MOSFree Report) by 84.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,444 shares of the basic materials company’s stock after purchasing an additional 9,805 shares during the quarter. Fifth Third Bancorp’s holdings in Mosaic were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MOS. Charles Schwab Investment Management Inc. grew its stake in shares of Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after purchasing an additional 986,812 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after buying an additional 947,500 shares during the period. Donald Smith & CO. Inc. lifted its holdings in Mosaic by 32.1% in the third 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 during the period. Thompson Siegel & Walmsley LLC lifted its holdings in Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after buying an additional 359,760 shares during the period. Finally, OLD National Bancorp IN acquired a new position in Mosaic in the third quarter valued at approximately $5,837,000. 77.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on MOS. Morgan Stanley cut their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho increased their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Oppenheimer started coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.09.

View Our Latest Analysis on MOS

Mosaic Stock Down 0.3 %

Shares of MOS stock opened at $28.59 on Friday. The firm has a fifty day moving average of $26.00 and a 200-day moving average of $26.75. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12-month low of $23.56 and a 12-month high of $33.44. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.49 and a beta of 1.34.

Mosaic (NYSE:MOSGet Free Report) last issued 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 return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was down 20.8% on a year-over-year basis. As a group, equities research analysts predict that The Mosaic Company will post 2.05 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.08%. Mosaic’s dividend payout ratio is currently 74.34%.

About Mosaic

(Free Report)

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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