US Bancorp DE Raises Holdings in The Mosaic Company $MOS

US Bancorp DE lifted its stake in The Mosaic Company (NYSE:MOS) by 204.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,080 shares of the basic materials company’s stock after buying an additional 28,912 shares during the quarter. US Bancorp DE’s holdings in Mosaic were worth $1,572,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MOS. Boston Partners boosted its stake in shares of Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock worth $215,540,000 after buying an additional 2,368,094 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Mosaic in the 1st quarter worth about $54,953,000. Truist Financial Corp raised its holdings in Mosaic by 13,275.9% in the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after purchasing an additional 2,007,717 shares during the period. GMT Capital Corp acquired a new position in Mosaic in the 1st quarter worth about $47,211,000. Finally, Nuveen LLC acquired a new position in Mosaic in the 1st quarter worth about $33,897,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MOS shares. JPMorgan Chase & Co. upped their price target on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. UBS Group reduced their price target on Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday. Barclays reduced their price target on Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mosaic in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their target price on Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Mosaic Price Performance

NYSE:MOS opened at $29.43 on Friday. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. 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 stock has a market cap of $9.34 billion, a PE ratio of 9.98, a P/E/G ratio of 0.94 and a beta of 1.00. The stock has a 50 day moving average price of $33.14 and a 200 day moving average price of $33.10.

Mosaic (NYSE:MOS) last posted its quarterly 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). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $0.54 EPS. Mosaic’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s dividend payout ratio (DPR) is currently 29.83%.

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.