The Mosaic Company $MOS Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of The Mosaic Company (NYSE:MOS) by 102.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,701,610 shares of the basic materials company’s stock after buying an additional 3,894,947 shares during the quarter. Bank of New York Mellon Corp owned about 2.43% of Mosaic worth $267,092,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Mosaic during the second quarter worth $158,085,000. Truist Financial Corp raised its holdings in shares of Mosaic by 13,275.9% during the second 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. Merewether Investment Management LP bought a new position in shares of Mosaic in the 2nd quarter worth about $72,380,000. Envestnet Asset Management Inc. lifted its position in shares of Mosaic by 1,298.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,157,804 shares of the basic materials company’s stock worth $42,237,000 after buying an additional 1,075,038 shares during the last quarter. Finally, GMT Capital Corp boosted its holdings in shares of Mosaic by 58.2% in the 2nd quarter. GMT Capital Corp now owns 2,764,900 shares of the basic materials company’s stock valued at $100,864,000 after buying an additional 1,017,000 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 0.4%

Shares of MOS stock opened at $28.02 on Friday. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The firm has a market capitalization of $8.89 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The stock has a fifty day moving average of $25.28 and a two-hundred day moving average of $29.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Scotiabank raised their target price on shares of Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. UBS Group dropped their price target on Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Morgan Stanley boosted their price objective on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. BNP Paribas Exane lowered their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Finally, Bank of America cut their target price on Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $31.50.

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.