First Citizens Bank & Trust Co. Sells 24,787 Shares of The Mosaic Company $MOS

First Citizens Bank & Trust Co. cut its holdings in The Mosaic Company (NYSE:MOS) by 23.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,652 shares of the basic materials company’s stock after selling 24,787 shares during the period. First Citizens Bank & Trust Co.’s holdings in Mosaic were worth $2,762,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of Mosaic in the second quarter worth $158,085,000. Truist Financial Corp boosted 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 valued at $73,793,000 after purchasing an additional 2,007,717 shares during the period. Merewether Investment Management LP bought a new position in shares of Mosaic during the 2nd quarter worth about $72,380,000. Bank of New York Mellon Corp increased its holdings in shares of Mosaic by 100.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock worth $138,867,000 after purchasing an additional 1,912,064 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Mosaic by 1,298.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,157,804 shares of the basic materials company’s stock valued at $42,237,000 after buying an additional 1,075,038 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MOS shares. The Goldman Sachs Group lifted their target price on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. BNP Paribas Exane decreased their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a research report on Monday, December 29th. Oppenheimer set a $35.00 target price on Mosaic in a research report on Friday, January 16th. Finally, Barclays decreased their price target on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.50.

Mosaic Price Performance

Shares of MOS stock opened at $28.80 on Monday. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The firm’s 50 day moving average is $24.97 and its 200-day moving average is $29.82. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.30 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is presently 22.80%.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.