The Mosaic Company $MOS Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in The Mosaic Company (NYSE:MOS) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,799 shares of the basic materials company’s stock after purchasing an additional 2,802 shares during the period. Fifth Third Bancorp’s holdings in Mosaic were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Mosaic by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 19,746 shares of the basic materials company’s stock valued at $720,000 after acquiring an additional 3,061 shares during the period. Foundation Resource Management Inc. lifted its position in shares of Mosaic by 1.1% during the 2nd quarter. Foundation Resource Management Inc. now owns 640,328 shares of the basic materials company’s stock valued at $23,359,000 after acquiring an additional 6,980 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Mosaic by 130.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,774 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 6,091 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Mosaic during the 2nd quarter valued at approximately $7,323,000. Finally, CX Institutional lifted its position in shares of Mosaic by 13.6% during the 2nd quarter. CX Institutional now owns 9,506 shares of the basic materials company’s stock valued at $347,000 after acquiring an additional 1,138 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOS has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating for the company in a research report on Monday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Zacks Research upgraded shares of Mosaic from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Wells Fargo & Company cut their price objective on Mosaic from $38.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, August 7th. Finally, Barclays lifted their price objective on Mosaic from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.42.

Mosaic Stock Up 1.5%

MOS stock opened at $35.30 on Monday. The stock has a market capitalization of $11.20 billion, a P/E ratio of 11.97, a PEG ratio of 1.64 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The company has a 50 day moving average price of $33.86 and a two-hundred day moving average price of $32.63.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, sell-side analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. Mosaic’s payout ratio is currently 29.83%.

Mosaic 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.