Fifth Third Bancorp Has $567,000 Stake in The Mosaic Company (NYSE:MOS)

Fifth Third Bancorp lowered its stake in shares of The Mosaic Company (NYSE:MOS) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,997 shares of the basic materials company’s stock after selling 447 shares during the period. Fifth Third Bancorp’s holdings in Mosaic were worth $567,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MOS. Asset Management One Co. Ltd. boosted its stake in Mosaic by 1.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company’s stock valued at $2,933,000 after purchasing an additional 1,489 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Mosaic by 27.9% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,068 shares of the basic materials company’s stock worth $297,000 after buying an additional 2,634 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Mosaic during the 4th quarter worth approximately $1,056,000. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Mosaic by 7.0% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock worth $237,000 after buying an additional 619 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Mosaic by 190.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company’s stock worth $39,178,000 after buying an additional 1,045,812 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 18,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president now directly owns 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays reissued an “overweight” rating and set a $40.00 target price (up previously from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Scotiabank reaffirmed an “outperform” rating on shares of Mosaic in a report on Wednesday, May 14th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. BNP Paribas raised shares of Mosaic to a “strong-buy” rating in a report on Wednesday, April 9th. Finally, UBS Group lifted their price objective on shares of Mosaic from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Moderate Buy” and an average price target of $34.58.

Mosaic Trading Up 0.3%

Mosaic stock opened at $36.13 on Wednesday. The stock has a market cap of $11.46 billion, a P/E ratio of 31.15, a PEG ratio of 2.11 and a beta of 1.14. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $37.69. The firm’s fifty day moving average price is $32.26 and its 200-day moving average price is $28.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Equities research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.44%. Mosaic’s dividend payout ratio (DPR) is presently 75.86%.

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.