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

Fifth Third Bancorp lowered its position in The Mosaic Company (NYSE:MOS) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,629 shares of the basic materials company’s stock after selling 502 shares during the period. Fifth Third Bancorp’s holdings in Mosaic were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James & Associates boosted its holdings in shares of Mosaic by 69.7% in the 2nd quarter. Raymond James & Associates now owns 218,886 shares of the basic materials company’s stock valued at $6,326,000 after acquiring an additional 89,879 shares during the last quarter. Blue Trust Inc. boosted its holdings in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 351 shares during the last quarter. Ellsworth Advisors LLC grew its position in Mosaic by 22.1% during the 2nd quarter. Ellsworth Advisors LLC now owns 34,714 shares of the basic materials company’s stock worth $1,003,000 after purchasing an additional 6,286 shares during the period. Fiduciary Financial Group LLC purchased a new position in shares of Mosaic during the 2nd quarter valued at about $302,000. Finally, Swedbank AB lifted its holdings in shares of Mosaic by 6.2% in the 2nd quarter. Swedbank AB now owns 1,240,678 shares of the basic materials company’s stock valued at $35,856,000 after buying an additional 71,986 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MOS. Mizuho dropped their target price on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Barclays cut their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Wells Fargo & Company dropped their price target on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler cut their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.33.

Mosaic Price Performance

Shares of Mosaic stock opened at $28.52 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The business has a 50 day simple moving average of $28.19 and a two-hundred day simple moving average of $29.86. The stock has a market capitalization of $9.17 billion, a P/E ratio of 12.14, a PEG ratio of 1.59 and a beta of 1.41. The Mosaic Company has a 12 month low of $26.09 and a 12 month high of $40.67.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. As a group, analysts predict that The Mosaic Company will post 2.59 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 2.95%. Mosaic’s payout ratio is presently 35.74%.

Insider Activity at Mosaic

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 of the company’s stock, valued at $3,821,628.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.